A car drives past the offices of Israeli car tech firm Mobileye in Jerusalem on March 13, 2017.
Intel will buy Mobileye for more than $15 billion (14 billion euros), the companies said. (AFP/Thomas Coex)
US giant Intel announced Monday it would buy Israeli car tech firm Mobileye for more than $15 billion (14 billion euros), the largest cross-border tech deal in the Jewish state’s history.
Mobileye makes advanced driver assistance for car manufacturers, and has already collaborated with Intel and BMW to develop self-driving cars.
For Israel, it will be seen as a sign of the self-styled “Start-Up Nation” coming of age, with Prime Minister Benjamin Netanyahu hailing the deal.
Here are a few of the largest Israeli tech deals:
– Mobileye: $15 billion
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March 2017: Intel announces it will buy Mobileye for more than $15 billion, believed to be the largest cross-border high-tech deal ever for Israel.
BMW, Intel, Mobileye announce cooperation for driverless car, July 2016. (Courtesy)
– Playtika: $4.4 billion
July 2016: A Chinese consortium linked to Alibaba founder Jack Ma buys the Israeli online games company Playtika for $4.4 billion in cash. The company had been bought by US-based investors five years previously but is still based in Israel.
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Playtika’s games, including the popular slot game Slotomania, are played daily by more than 6 million people in 190 countries. (Courtesy)
– Trusteer: $1 billion
September 2013: Security software provider Trusteer is acquired by US technology giant IBM.
– Waze: around $1 billion
June 2013: Google announces deal to buy the popular crowdsourced map app Waze for more than $1 billion.
A man holds an iPhone displaying the Waze app. (Yonatan Sindel/Flash90)
– Intucell: $475 million
January 2013: American multinational conglomerate Cisco completes $475-million takeover of Israeli firm Intucell. The company provides software enabling mobile phone carriers to better manage their networks.
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