Intel's Acquisition of Mobileye: One of the Biggest Exits in Israeli High-Tech History
Published
In the history of Israeli high-tech, there are sale deals, called exits, in very large amounts. According to a ranking published on the website today, some of these deals are in the amounts of billions of dollars. The ranking presents the five biggest exits in Israel.
One of the prominent topics in the ranking is the sale of the company Mobileye to the company Intel. Mobileye is an Israeli company that developed automotive technology, such as systems that help the driver and identify pedestrians and other cars. In 2017, Intel bought the company for approximately $15.3 billion.
The term exit describes a situation in which the owners of a company sell it, or sell part of it, and receive a financial return. Usually the sale is to a larger company, or the company enters the stock exchange. Such deals show the value that Israeli companies can reach.
In summary, the sale of Mobileye is a prominent example of the success of an Israeli company in the world of technology. The original article presents the data briefly, so further details about the other deals in the ranking were not specified.
Sources: היום
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