Intel buys Mobileye in $15.3B deal to expand in self-driving tech

First they partnered, and now comes the acquisition: the computing giant Intel has confirmed that it is acquiring Mobileye, a leader in computer vision for autonomous driving technology, for $15.3 billion — the biggest-ever acquisition of an Israeli tech company.

Specifically, “Under the terms of the agreement, a subsidiary of Intel will commence a tender offer to acquire all of the issued and outstanding ordinary shares of Mobileye for $63.54 per share in cash, representing a fully-diluted equity value of approximately $15.3 billion and an enterprise value of $14.7 billion,” the company noted in a statement.

Read more at: Self Driving Tech