Enterprise & FinanceOffersKnow-how
19 September 2024, 10:35 am 1 minute
Reuters was first to report on Intel’s choice to not divest its majority stake in Mobileye, boosting the Israeli firm’s shares by over 16%. Mobileye shares, which have dropped 73% this 12 months, took a beating earlier within the month after media studies that Intel was seeking to promote a portion of its stake within the firm.
Market Influence
Intel acquired Mobileye in a $15.3 billion deal in 2017 however relisted its shares 5 years later via an preliminary public providing.
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Subjects of Curiosity: Enterprise & FinanceOffersKnow-how
Kind: Reuters Greatest
Sectors: Enterprise & FinanceKnow-how
Areas: Americas
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Buyer Influence: Vital Regional Story
