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March 13, 2017 02:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/FpZoxMHhljY/intel-confirms-15-billion-mobileye-deal
Intel Confirms $15 Billion Mobileye Deal
Intel is paying $15.3 billion to acquire Israeli computer vision company Mobileye in an effort to boost the chipmaker's position in the autonomous car market. From a report on Axios: Intel is tapping its foreign cash, paying $63.54 per share in cash for the company and said it should be immediately a boost to its per-share earnings; it is expected to close late this year. Intel CEO Brian Krzanich's letter to employees, as well as a missive from Mobileye insist "that instead of Mobileye being integrated into Intel, Intel's Automated Driving Group will be integrated into Mobileye."Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/FpZoxMHhljY/intel-confirms-15-billion-mobileye-deal
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