Intel buys Mobileye for USD 15.3 bln

(Telecompaper) Intel has acquired Mobileye for USD 63.54 per share in cash, representing an equity value of USD 15.3 billion and an enterprise value of USD 14.7 billion. Intel said that the acquisition will accelerate innovation for the automotive industry, combining its own computing and connectivity expertise with Mobileye's computer vision expertise to create automated driving solutions from the cloud through the network to the car. Intel believes the vehicle systems, data and services market