Intel says it has no plans to divest majority stake in Mobileye 

Intel says it has no plans to divest majority stake in Mobileye 

Business & FinanceDealsTechnology

Reuters was first to report on Intel’s decision not to divest its majority stake in Mobileye, boosting the Israeli company’s shares by over 16%. Mobileye shares, which have dropped 73% this year, took a beating earlier in the month after media reports that Intel was looking to sell a portion of its stake in the company.

Market Impact

Intel acquired Mobileye in a $15.3 billion deal in 2017 but relisted its shares five years later through an initial public offering.

Article Tags

Topics of Interest: Business & FinanceDealsTechnology

Type: Reuters Best

Sectors: Business & FinanceTechnology

Regions: Americas

Win Types: Speed

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

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