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09
May
2017
Intel Buying Mobileye in Biggest Ever Deal in Israeli High-tech

Intel Buying Mobileye in Biggest Ever Deal in Israeli High-tech

09 May 2017


Confirming Israel’s leading place in the global race to put autonomous vehicles on the road, the U.S. semiconductor giant Intel said on Monday it would buy driverless-technology company Mobileye for $15.3 billion in the biggest acquisition ever of an Israeli high-tech company.

The $63.54-per-share cash deal, which values Mobileye at one-third above its value on the New York Stock Exchange before it was announced, will also be the largest of any company whose focus is on self-driving.

Source: haaretz

 


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