Intel says it has no plans to sell its majority stake in Mobileye; the self-driving tech company's stock, which is down 73% in 2024, jumps 13%+
Intel (INTC.O) said on Thursday it had no plans to sell its majority stake in Mobileye Global (MBLY.O), sending shares of the self-driving tech firm up more than 13%.
Sources: Intel is considering selling part of its 88% stake in Mobileye, and is also exploring options for its Network and Edge enterprise networking division
Bloomberg :
Filing: Intel plans to sell 35M+ Mobileye shares, raising ~$1.48B for its ambitious fab spending plans; after the sale, Intel will retain an ~88% Mobileye stake
Ian King / Bloomberg :
Adobe's Figma retention package may be the biggest since Facebook bought WhatsApp in 2014, exceeding deal packages from Auth0, LinkedIn, Mobileye, and Slack
a key player in the Figma deal, now on the Adobe side. Salesforce couldn't hold on to Tableau's Adam Selipsky, back as CEO at AWS. https://www.forbes.com/... https://twitter.com/... Alex Konrad / @ale...
Intel plans to take its Mobileye unit public, sources say at a $50B+ valuation; Intel acquired the self-driving car company in 2017 for about $15B
Move could value Mobileye at more than $50 billion, according to people familiar with the matter — Intel Corp. is planning to publicly list shares …
Intel to buy Mobileye, maker of chip-based camera systems for semi-automated driving, for $15.3B at $63.54 a share, a 34% premium to its Friday closing price
the elephant in the room that Israeli VCs are ignoring Larry Dignan / ZDNet : Intel buys Mobileye for $15.3 billion, eyes autonomous driving market, computer vision Aman Jain / ValueWalk : Jefferies D...
Intel to buy Mobileye, maker of chip-based camera systems for semi-automated driving, for $15.3B at $63.54 a share, a 34% premium to its Friday closing price
Deal marks latest investment by a technology company in the future of self-driving cars — Intel Corp. on Monday said it struck …