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Intel buys Mobileye for USD 15.3 bln

Monday 13 March 2017 | 13:16 CET | News
Intel has acquired Mobileye for USD 63.54 per share in cash, representing an equity value of USD 15.3 billion and an enterprise value of USD 14.7 billion. Intel said that the acquisition will accelerate innovation for the automotive industry, combining its own computing and connectivity expertise with Mobileye's computer vision expertise to create automated driving solutions from the cloud through the network to the car. Intel believes the vehicle systems, data and services market will be worth up to USD 70 billion by 2030.

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Categories: Mobile & Wireless
Companies: Intel / Mobileye
Countries: World
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