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Deal for Mobileye Puts Intel's Spotty Record of Acquisitions on the Line

WSJ.com: WSJD - Technology

Intel Corp.'s $15.3 billion planned purchase of Mobileye NV propels the chip maker into a stronger position in the booming market for autonomous-vehicle technology, but it also comes with potential hazards--including the Silicon Valley stalwart's limited experience successfully integrating big acquisitions. The combined company will face stiff competition in its quest to supply sensors, communications, processing and software systems for the coming era of fully self-driving cars, a market that Intel Chief Executive Brian...


Mobileye Caps Wild Ride On Stock Market With $15.3 Billion Acquisition

Forbes - Tech

Less than three years after its blockbuster IPO, Israeli company Mobileye has ridden the wave of self-driving car enthusiasm to a timely acquisition. Intel said on Monday that it would shell out $15.3 billion for Mobileye, which makes assisted driving software, in the biggest acquisition ever of an Israeli technology company. Intel will pay $63.54 per share in cash, which represents a 36% premium over Friday's closing price of $46.88. Shares of Mobileye surged 30% to $61.48 in morning trading, while shares of Intel slid 2%. The deal marks a happy end to Mobileye's short stint on the public markets.


Intel Testing Self-Driving Cars In Europe Later This Year As Part Of Big Project Ahead Of Mobileye Acquisition

International Business Times

Intel is slated to launch self-driving test vehicles in Europe later this year as part of its new venture after acquiring Israeli tech company Mobileye. The cars the chipmaker will use are from BMW, another partner in this big project. On Monday, Intel revealed that it has agreed to purchase Mobileye -- a company known for its autonomous driving, anti-collision and other driving solutions -- for $15.3 billion. The announcement is seen as a desperate move by the renowned chipmaker to venture into the autonomous-driving sector after missing its chance to enter the mobile phones industry, as per Reuters. The combination of Intel and Mobileye is deemed fitting for both companies have what it takes to create top-of-the-line technologies for driverless vehicles.


Intel buys Mobileye for $15 billion to challenge Nvidia for the future of self-driving cars

PCWorld

Intel is no longer satisfied just partnering with other companies to create self-driving cars: it wants to own the whole stack. The chip maker just announced it intends to purchase Jerusalem-based Mobileye for $15.3 billion. The two companies were already working together on various projects. The pair announced a partnership with BMW in July 2016 with the aim of putting an autonomous car on the streets by 2021. Then in November, the two companies partnered with auto parts maker Delphi to create the Automated Driving Group, which will create a self-driving car system that can be sold to automakers.


Intel to acquire Mobileye for $15.3 billion

Robohub

Intel announced plans to acquire Israel-based Mobileye, a developer of vision technology used in autonomous driving applications, for $15.3 billion. Mobileye share prices jumped from $47 to $61 (the tender offering price is $63.54) on the news, a 30% premium. This transaction jumpstarts Intel's efforts to enter the emerging autonomous driving marketplace, an arena much different than Intel's present business model. As can be seen in the Frost & Sullivan chart on the right, we are presently producing cars with Level 2 and Level 3 automated systems. Intel wants to be a strategic partner going forward to fully automated and driverless Level 4 and Level 5 cars.