Intel is buying the Israeli autonomous-driving company Mobileye for $63.54 a share in cash, or about $15.3 billion.
The Jerusalem-based company develops vision-based driver-assistance tools to provide warnings before collisions.
Intel CEO Brian Krzanich said in a statement, “Together, we can accelerate the future of autonomous driving with improved performance in a cloud-to-car solution at a lower cost for automakers.”
Full Content: Business Insider
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