Intel to buy driverless technology firm Mobileye for $15.3 billion

By Tova Cohen and Ari Rabinovitch
| JERUSALEM

JERUSALEM U.S. chip giant Intel (INTC.O) has agreed to buy Israeli driverless technology firm Mobileye (MBLY.N) for $15.3 billion, the largest ever acquisition of an Israeli high-tech company.

The $63.54 per share cash deal is the world’s biggest purchase of a company solely focused on the autonomous driving sector. Mobileye accounts for 70 percent of the global

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