– Mobileye Shares Soar On Intel Acquisition, Citron Shorts Crushed:
Intel has agreed to buy Israeli technology firm Mobileye for $14-$15 billion according to a report in Israeli financial newspaper TheMarker, sending MBLY shares soaring over 30% higher premarket. An official announcement of the acquisition, the largest ever for an Israeli high-tech company, is expected later on Monday, TheMarker reported on its website.…
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Tags: Economy, Global News, Intel, Israel, Technology, U.S.
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