Intel Completes Tender Offer For Mobileye
“With Mobileye, Intel emerges as a leader in creating the technology foundation that the automotive industry needs for an autonomous future,” said Intel CEO Brian Krzanich. “It’s an exciting engineering challenge and a huge growth opportunity for Intel. Even more exciting is the potential for autonomous cars to transform industries, improve society and save millions of lives.”
Intel Announces Approval For Proposed Acquisition Of Mobileye Under Israel Restrictive Trade Practices Law
The approval from the Israeli Antitrust General Director satisfies a condition to the closing of the previously announced all cash tender offer by Cyclops Holdings LLC, a wholly owned subsidiary of Intel, to purchase all of the outstanding ordinary shares of Mobileye.
Intel To Acquire Mobileye
Pursuant to 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 an equity value of approximately $15.3 billion and an enterprise value of $14.7 billion.
BMW Group And Mobileye Agree To Generate New Crowdsourced Real-Time Data
This agreement to crowdsource real-time data using vehicles equipped with camera-based advanced driver assist system technology is a critical enabler for autonomous driving through next-generation high-definition maps aimed at making driving safer and more efficient for consumers.
