Intel's acquisition of Mobileye is officially complete

In March, Intel announced the acquisition of Mobileye, a company it has partnered with to develop self-driving automobile technology. And as of today, the $15.3 billion deal is officially complete. Intel purchased 84 percent of Mobileye's outstanding ordinary shares and the company is now an Intel subsidiary. Mobileye is an Israel-based company and it will remain headquartered in Jerusalem under the leadership of co-founder Amnon Shashua. A follow-up offer period for the remaining outstanding stock has commenced and will expire on August 21st.