Intel has offered an acquisition price of about 14 billion euros, almost one third higher than Mobileye’s valuation at the stock exchange per last Friday. The transaction is expected to close within nine months.
In the past, the American computer chip giant was struggling to get a foot into the automotive market. This changed when Intel signed a collaboration agreement with BMW and Mobileye past year to jointly develop the technology needed for automated driving. At the time of the agreement, many observers questioned about Intel’s role in this trio. Now they know.