Update 9:30am on March 26: Adds Autotalks comment. Qualcomm (NASDAQ:QCOM) terminated its agreement to purchase Israeli tech firm Autotalks after a prolonged regulatory review of the deal.

March 22 (Reuters) - Qualcomm QCOM.O on Friday said it has terminated its bid to acquire Autotalks, an Israeli firm that makes communications chips to help prevent car crashes.

QUALCOMM Incorporated (NASDAQ:QCOM) announced that its subsidiary, Qualcomm Technologies, Inc., has completed its acquisition of Autotalks, a leading provider of vehicle-to-everything (V2X ...

Qualcomm QCOM-0.15%decrease; red down pointing triangle said it has ended its proposed acquisition of Autotalks, citing a lack of regulatory approvals in a timely manner. The U.S. mobile-phone ...

Qualcomm announced the deal with Israel’s Autotalks in May without disclosing a price. The deal would have combined two of the biggest makers of “vehicle-to-everything” or V2X semiconductors .

The U.K.'s antitrust agency said on Tuesday that San Diego-based chipmaker Qualcomm (QCOM) is under investigation over its proposed deal to acquire Autotalks. Read for more.

Qualcomm's acquisition of Autotalks faces a UK antitrust probe, with an April 25 decision deadline. Market-moving news hits Benzinga Pro first—get a 30-minute edge and save 60% this 4th of July.

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. "Qualcomm has terminated the transaction ...