This Deal Is a $4.4 Billion Bad Bet on Self-Driving Cars
A test driver removes his hands from the steering wheel of a Tesla Motors Inc. Model S electric automobile fitted with self driving technology. (Photographer: Andreas Arnold/Bloomberg)

This Deal Is a $4.4 Billion Bad Bet on Self-Driving Cars

(Bloomberg Opinion) -- Fear has taken control in the bidding war for German lighting group Osram Licht AG. A raised bid of 4 billion euros ($4.4 billion) from AMS AG is well above what the target’s...
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