8 years ago
Intel buys Mobileye for $15 billion in self-driving car coup
Intel is buying Jerusalem tech giant Mobileye for $15.3 billion, the two companies announced Monday. Israeli daily Haaretz initially broke the story via its finance paper The Marker, but it was confirmed later in the day. Mobileye’s current market value is $10.5 billion. Intel has been working with Mobileye and BMW to get their own self-driving car models on the road, joining a host of manufacturers in a global autonomous vehicle race.”
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