Intel will buy Mobileye for $15.3 billion

Jerusalem-American giant Intel agreed to buy Israeli technology company Mobileye for 15.3 billion dollars, the largest acquisition ever held for an Israeli high-tech company.
The dollar 63.54 per share in cash is the largest purchase in the world of a company exclusively focused on autonomous driving sector. The Mobileye is responsible for 70% of the global market of advanced systems and collision avoidance assistance.
Intel said she hoped that the transaction is closed in the next nine months and immediately increase its earnings per share (non-GAAP), as well as your free cash flow.
The two companies are already cooperating with BMW on a project to put a fleet of nearly 40 autonomous vehicles on the road test in the second half of this year.
Founded in 1999 with the mission to reduce injuries and deaths from vehicles, the Mobileye was listed in 2014 on the New York Stock Exchange, where your market value is of 10.6 billion dollars.