Intel to acquire self-driving firm Mobileye for $15 billion

Boston Herald

Intel announced Monday it will acquire Mobileye in a deal worth about $15 billion, as the tech giant makes a deeper push into the growing self-driving vehicle market. In a statement, Intel says it plans to acquire Mobileye for $63.54 per share in cash. The equity value of the deal is $15.3 billion, while the enterprise value of the acquisition is $14.7 billion. "Mobileye brings the industry's best automotive-grade computer vision and strong momentum with automakers and suppliers," Intel CEO Brian Krzanich said in a statement. "Together, we can accelerate the future of autonomous driving with improved performance in a cloud-to-car solution at a lower cost for automakers."


Intel to acquire self-driving firm Mobileye for $15 billion

USATODAY - Tech Top Stories

Intel announced Monday it will acquire Mobileye in a deal worth about $15 billion, as the tech giant makes a deeper push into the growing self-driving vehicle market. In a statement, Intel says it plans to acquire Mobileye for $63.54 per share in cash. The equity value of the deal is $15.3 billion, while the enterprise value of the acquisition is $14.7 billion. "Mobileye brings the industry's best automotive-grade computer vision and strong momentum with automakers and suppliers," Intel CEO Brian Krzanich said in a statement. "Together, we can accelerate the future of autonomous driving with improved performance in a cloud-to-car solution at a lower cost for automakers."


Intel to Acquire Mobileye - DATAVERSITY

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A new press release reports, "Intel Corporation and Mobileye N.V. today announced a definitive agreement under which Intel would acquire Mobileye, a global leader in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems and autonomous driving. 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." The release continues, "The combination is expected to accelerate innovation for the automotive industry and position Intel as a leading technology provider in the fast-growing market for highly and fully autonomous vehicles. Intel estimates the vehicle systems, data and services market opportunity to be up to $70 billion by 2030. This transaction extends Intel's strategy to invest in data-intensive market opportunities that build on the company's strengths in computing and connectivity from the cloud, through the network, to the device."


Intel Completes Tender Offer for Mobileye Intel Newsroom

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SANTA CLARA, Calif., and JERUSALEM, Aug. 8, 2017 -- Intel Corporation (NASDAQ: INTC) and Mobileye N.V. (NYSE: MBLY) today announced the completion of Intel's tender offer for outstanding ordinary shares of Mobileye, a global leader in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems and autonomous driving. The acquisition is expected to accelerate innovation for the automotive industry and positions Intel as a leading technology provider in the fast-growing market for highly and fully autonomous vehicles. The combination of Intel and Mobileye will allow Mobileye's leading computer vision expertise (the "eyes") to complement Intel's high-performance computing and connectivity expertise (the "brains") to create automated driving solutions from cloud to car. Intel estimates the vehicle systems, data and services market opportunity to be up to $70 billion by 2030. "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.


Intel drops $15B on firm in race for a driverless future

Daily Mail - Science & tech

Intel will buy Israel's Mobileye in a deal valued at about $15 billion, instantly propelling the computer chip and technology giant to the forefront of autonomous vehicle technology. The deal announced Monday combines Mobileye's market-leading software that processes information from cameras and other sensors with Intel's hardware, data centers and its own software, giving automakers a one-stop place to shop for fully autonomous car systems. 'This acquisition essentially merges the intelligent eyes of the autonomous car with the intelligent brain that actually drives the car,' Intel CEO Brian Krzanich wrote in a note to employees about the acquisition. A Mobileye camera system that can be installed in your car to monitor speed limits and warn drivers of potential collisions, mounted behind the rearview mirror. Intel is buying Mobileye in a deal announced Monday, March 13, 2017, and valued at about $14.09 billion, the latest push by a major tech company into autonomous vehicles that could change the way traffic moves globally.