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Intel on Monday announced it has entered into a definitive agreement to purchase Mobileye, an Israeli technology company that develops vision-based advanced driver assistance systems providing warnings for collision prevention and mitigation. Combined with Intel's high performance computing solutions and expertise in connectivity, the Santa Clara chip maker envisions creating automated driving solutions from cloud to car. As part of the agreement, a subsidiary of Intel will purchase all issued and outstanding ordinary shares of Mobileye for $63.54 per share in cash. That represents an equity value of around $15.3 billion, and an enterprise value of $14.7 billion. It's a big spend, though the... Read more...