Qualcomm ends bid to buy Israel’s Autotalks after antitrust probe

Qualcomm on Friday said it has terminated its bid to acquire Autotalks, an Israeli firm that makes communications chips to help prevent car crashes.

Qualcomm, which is best known for its mobile phone chips but has built an extensive automotive chip business, had said it would acquire the firm last year. The U.K.’s top antitrust regulator said in February it was opening a probe into the deal.