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Merger Update: Qualcomm / Autotalks Ltd

RNS Announcement

RNS Number : 3323E

Competition and Markets Authority

27 February 2024

Start of CMA Merger Investigation: Anticipated acquisition of Autotalks Ltd by Qualcomm Incorporated

The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that merger may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

The CMA announced the launch of its merger inquiry by notice to the Parties on 27 February 2024 and has a deadline of 25 April 2024 for its phase 1 decision.

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RNS metadata

Title: Merger Update: Qualcomm / Autotalks Ltd
Time: 09:00:00
Date: 27 Feb 2024
Category: Acquisitions and alliances
ID: 3323E