The Independent Uganda: You get the Truth we Pay the Price
Jerusalem, Undefined | AFP | 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 “Startup 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
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.
– 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.
– 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 crowd-sourced map app Waze for more than $1 billion.
– 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.
