(TheMArker) The biggest deal in the history of high-tech: Intel acquires Mobiley

The biggest deal in the history of high-tech: Intel acquires Mobileye
Chip giant Intel deepens its presence in the autonomous vehicle, and acquires the shares Israel's Mobileye, which is developing autonomous vehicle technology ■ companies are expected to announce the deal today ■ According to estimates, Intel will pay 15-14 billion

Huge deal: chip giant Intel Intel Graphs for Intel Gate Change Finance site Autonomous vehicle enters and acquires Israel's Mobileye's largest acquisition ever by an Israeli company. Mobileye Mobileye Graphs for Mobileye Gate Change Finance site Has a market cap of $ 10.5 billion, according to market estimates, the transaction is expected to reflect Lmobilaii value of 14-15 billion dollars. The two companies are expected to announce the deal in the coming hours. The two companies did not respond.
Mobileye inhabitants of Jerusalem, was founded in 1999 by Prof. Amnon fun, CTO and CEO Ziv Aviram. The company is developing driver assistance systems, and on the basis of which developing autonomous vehicle technology. The company's developments are installed in traditional car manufacturers, which compete with technology giants like Google, Apple and Tesla.

In recent years, Intel is trying to gain a competitive advantage in innovative fields, after losing the smartphone market Qualcomm biggest competitor. As part of these attempts to Intel began to cooperate with Mobileye, a veteran and respected in the market, behind miles and miles of test drives and technological adjustments. Mobileye is a pioneer in the market, and is known to use it to weave partnerships with many car manufacturers.
Last June, the company began to cooperate with Intel and BMW, and three declared autonomous vehicle that opens up to 2021. In addition, Intel has joined a few months ago for further cooperation of society, this time with the British Delphi. The three keys to a system that can integrate other manufacturers' cars, not to develop their own autonomous car.
Intel is the largest employer in Israel, with about 10,000 employees. Now attach the company several hundred more workers to come Mmobilaii. Intel has a market cap of $ 170 billion, and it is very significant for a deal. Its cash has about $ 17 billion, and the company has a debt of 25 billion dollars. In the past year, Intel shares rose 15%, but the last five years increased in total by 30%.
Even before the autonomous car, Lmobilaii have a strong and profitable activity operators driver assistance systems. Its revenues grew from $ 40 million in 2012 revenues of $ 358 million in 2016. According to analysts' estimates, the Company's revenues will grow in 2017 by 40% and will total $ 500 million - a jump of 12.5 times in five years or 65% per year. The rapid growth has led the company to the value of $ 10.5 billion, a jump of 85% over the IPO share price in July 2014.
Adjusted net income (non-GAAP) totaled $ 173 million, compared with $ 113 million in 2015. Accounting profit (GAAP) Annual stood at $ 108 million, compared to $ 68 million a year earlier. The difference between adjusted income stems mainly from accounting for stock-based compensation.
The company sells systems for both car manufacturers (77% of revenues), as well as used vehicles (other income). Sales in the used car market is growing at a faster rate, but limited potential, as more new vehicles has been rising on the road with the driver assistance systems.