ITS OFFICIAL Intel is purchasing the autonomousdriving organization Mobileye for billion Yahoo Finance

“A device, part of the Mobileye driving assist system, is seen on the dashboard of a vehicle during a demonstration for the media in Jerusalem October 24, 2012. REUTERS/Baz Ratner
Intel is buying the Israeli autonomous-driving company Mobileye for $63.54 a share in cash, or about $15.3 billion.
Mobileye soared about 30% in premarket trading Monday after the Israeli newspaper Haaretz broke the news.
The Jerusalem-based company develops vision-based driver-assistance tools to provide warnings before collisions.
“Mobileye brings the industry’s best automotive-grade computer vision and strong momentum with automakers and suppliers,” Intel CEO Brian Krzanich said in a statement.”

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