Intel buying Israeli car tech firm Mobileye for $$15 bn

AFP – US computer chip giant Intel has agreed to buy Israeli car technology firm Mobileye in a deal worth more than $15
billion (14 billion euros), the companies said in a statement on Monday.
   

Israeli media reported that the deal was the largest ever acquisition for an Israeli tech firm. Intel and Mobileye have been collaborating with German automaker BMW to develop self-driving cars.

Source Link: http://www.israelnationalnews.com/News/Flash.aspx/383164

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