Mobileye

In an interesting announcement today, Intel and Mobileye have entered into an agreement whereby Intel will commence a tender offer for all issued and outstanding ordinary shared of Mobileye. At $63.54 per share, this will equate to a value of approximately $15 billion. Mobileye is currently one of a number of competitors actively pursuing the visual computing space, and the high item on that agenda is automotive. We’ve seen Mobileye announcements over the last few years, with relationships with car manufacturers on the road to fully autonomous vehicles. Intel clearly wants a piece of that action, aside from its own movement into automotive as well as cloud computing required for various automotive tasks. Intel estimates that vehicle systems, data, and the services market for automotive to...

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