Intel’s US$15.3 billion offer for the Israeli driverless-car firm Mobileye is the equivalent of 13% of the total market capitalization of MSCI’s Israel Index. I don’t know if that sets a record of sorts for M&A, but it is a huge boost for the Israeli economy.
The logo of Israeli driverless technology firm Mobileye. Reuters, Ronen Zvulun
Intel inside Israel
Bid for Israeli driverless-car firm is huge for Israel