Intel Acquisition of Mobileye

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On 13 March 2017, Intel announced the Acquisition of Mobileye, an Autonomy company. [1]


Terms of the Acquisition

Intel Corp. announced that it had struck a deal to buy Mobileye NV for approximately $15.3 billion, the latest investment by a technology company in the future of self-driving cars. [1] Mobileye makes sensors for self-driving vehicles, while Intel makes many types of computer, cellphone, and custom processor chips. [2]

Intel's stock ticker is (NASDAQ: INTC) and Mobileye's stock ticker is (NYSE: MBLY). [4] [5] Mobileye surged 28.24% on the day the acquisition was announced. Intel fell by 2.09% on the same day.

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