Intel Buys Driverless Car Technology Company Mobileye For $15 Billion
Intel buys Mobileye, an Israeli driverless car technology company, for $15.3 billion. Techcrunch reports the deal was the biggest purchase of an Israeli tech company. Reuters reports at $63.54 per share, it's also the largest acquisition of a company completely involved in the autonomous vehicle field. Forbes reports shares of Mobileye surged 30% after the acquisition, while Intel's stock went down 2%.