Intel Acquires Mobileye for $15 Billion & Joined Self-driving Car Game

Self-driving car is the next amazing thing in coming days as many big players have entered into this game. Like Intel Acquires Mobileye for $15 Billion & Joined Self-driving Car Game. Yes, the American chip-maker, Intel has announced to buy the Israeli driver-less technology company Mobileye at $15.3 billion; which is the largest ever acquisition of an Israeli high-tech company.

Intel Acquires Mobileye for $15 Billion & Joined Self-driving Car Game

Presently, Mobileye has 70pc of global market share for its advanced driver-assistance and anti-collision systems.

This deal has marked world’s biggest purchase ever record as $63.54 per share will be payed in cash.

Intel said to media that:

“It expected the transaction to close within the next nine months and to immediately boost its non-GAAP earnings per share as well as its free cash flow.”

Before this, in 2016, we have heard about Google, Apple and Tesla self-driving cars; both of these companies are ready to take the wheels on road. These companies have not yet revealed their plans to commercialize driver-less cars.