After an extended period of expecting that Intel was about to sell stocks in the Israeli advanced leadership assistance systems (Adas) Mobileye Global Inc (NASDAQ: MBLE), last night finally happened. Intel, which has a 88 % stake in the company, has announced that it will sell stocks but will continue to control Mobileye.
In trading, the price of Mobileye’s share yesterday increased by 1.25 % to $ 18.64, giving the maximum market $ 14.95 billion. In trading after the announcement after the announcement, the share price decreased by 0.70 %.
Related articles
Mobileye rises after the launch of Tesla’s Robotaxi
Intel begins hundreds of workers’ demobilization in Israel
Mobileye confirms the guidance despite the definitions
Mobileye has announced a secondary offer in which it will sell 45 million shares of shares. The sale price has not yet been closed. Estimates indicate that Intel sells a 8 % stake in the Israeli company with a total of $ 1.2 billion, leaving Intel with 80 % contract in Mobileye.
Mobileye has announced that it will buy $ 100 million in the offer. Intel also gives Underwriters a 30 -day option to purchase up to 6.75 million additional shares from the A.
Goldman Sachs and Bank of America Securities act as joint managers who run books for proposed offers.
Intel was in a critical crisis for the past year, but it did not sell the shares of Mobileye during a difficult period so far. In April, it sold control of the sub -company to Silverlake by evaluating the company at a value of $ 8.75 billion.
It was published by Globes, Israel Business News – En.globes.co.il – on July 9, 2025.
© Copy Publish Publisher Itonut (1983) Ltd. , 2025.
The post Intel selling 8% Mobileye stake first appeared on Investorempires.com.
