The logo of Israeli driverless technology firm Mobileye. Reuters, Ronen Zvulun
The logo of Israeli driverless technology firm Mobileye. Reuters, Ronen Zvulun
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Intel inside Israel

Bid for Israeli driverless-car firm is huge for Israel

March 13, 2017 9:17 PM (UTC+8)

Intel’s US$15.3 billion offer for the Israeli driverless-car firm Mobileye is the equivalent of 13% of the total market capitalization of MSCI’s Israel Index. I don’t know if that sets a record of sorts for M&A, but it is a huge boost for the Israeli economy.

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