Intel Acquisition of Mobileye

Intel and Mobileye announced on March 13, 2017 that they had entered into a definitive agreement pursuant to which Intel would acquire Mobileye. Under the terms of the agreement, Cyclops Holdings, LLC, a subsidiary of Intel commenced a tender offer to acquire all of the issued and outstanding ordinary shares of Mobileye for $63.54 per share in cash, representing a fully-diluted equity value of approximately $15.3 billion and an enterprise value of $14.7 billion. The tender offer (including the subsequent offering period) expired on August 21, 2017, at which time Intel had acquired approximately 97.3% of the outstanding ordinary shares of Mobileye. On March 27, 2018, a final judgment was rendered by the Enterprise Chamber (Ondernemingskamer) of the Amsterdam Court of Appeals (Gerechtshof Amsterdam) in the statutory compulsory acquisition proceeding (uitkoopprocedure) initiated by Cyclops Holdings for all remaining outstanding Mobileye shares (as further described below).
The acquisition couples the best-in-class technologies from both companies, including Intel’s high-performance computing and connectivity expertise and Mobileye’s leading computer vision expertise to create automated driving solutions from the cloud through the network to the car.

The combination is expected to accelerate innovation for the automotive industry and position Intel as a leading technology provider in the fast-growing market for highly and fully autonomous vehicles. Intel estimates the vehicle systems, data and services market opportunity to be up to $70 billion by 2030. The transaction extends Intel’s strategy to invest in data-intensive market opportunities that build on the company’s strengths in computing and connectivity from the cloud, through the network, to the device.

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NOTE TO FORMER MOBILEYE SHAREHOLDERS:

All shares of Mobileye previously held by shareholders of Mobileye as of April 26, 2018 have now been transferred by operation of law to Intel’s wholly owned subsidiary in accordance with the ruling of the Enterprise Chamber of the Court of Appeal in Amsterdam. Funds in respect of such shares have been transferred to the Dutch consignment office. Former Mobileye shareholders whose shares were transferred by operation of law in connection with this consignment should contact their bank or broker for instructions on how to seek payment of $64.40 per share (inclusive of statutory interest, but subject to tax withholding, including any applicable Israeli tax withholding) from the Dutch consignment office in accordance with Dutch law. This payment will generally require the delivery of a valid Israeli tax declaration form. Bankers or brokers may direct questions and requests for assistance to the Dutch consignment office at consignatiekas@minfin.nl. All determinations with respect to the sufficiency of documentation provided by brokers or former shareholders seeking payment will be made in accordance with Dutch law and in the sole discretion of the Dutch consignment office. Please note that the Dutch consignment office will only work with banks or brokers and will not answer questions from shareholders directly.

Announcement Materials

03/29/2018 Intel Announces Judgment of the Enterprise Chamber in Compulsory Acquisition Proceeding for Remaining Mobileye Shares
09/28/2017 Intel Commences Compulsory Acquisition for Remaining Mobileye Shares
08/22/2017 Intel Completes Subsequent Offering Period of Tender Offer for Mobileye
08/08/2017 Intel Completes Tender Offer for Mobileye
08/01/2017 Intel Announces Satisfaction of Antitrust Clearance Condition for Proposed Acquisition of Mobileye
07/31/2017 Intel Extends Cash Tender Offer for All Outstanding Shares of Mobileye
07/14/2017 Intel Announces Receipt of Israel Tax Authority Ruling for Mobileye Asset Sale and Further Extension of Cash Tender Offer for All Outstanding Shares of Mobileye
07/10/2017 Intel Announces Approval Under German and Austrian Competition Laws For Proposed Acquisition of Mobileye
06/22/2017 Intel Extends Cash Tender Offer for All Outstanding Shares of Mobileye
06/14/2017 Intel Announces Approval Under Israel Restrictive Trade Practices Law For Proposed Acquisition of Mobileye
06/12/2017 Intel Announces Expiration of HSR Waiting Period For Proposed Acquisition of Mobileye
04/05/2017 Intel Commences Cash Tender Offer for All Outstanding Shares of Mobileye
03/13/2017 Press Release: Intel to Acquire Mobileye
03/13/2017 Intel CEO Message to Intel Employees
03/13/2017 Mobileye Senior Management Message to Mobileye Employees

SEC Filings

09/28/2017 Mobileye 6-K
08/25/2017 Mobileye 14D-9/A
08/25/2017 Mobileye 6-K
08/25/2017 Intel TO-T/A
08/25/2017 Intel 8-K
08/08/2017 Mobileye 14D-9/A
08/08/2017 Mobileye 6-K
08/08/2017 Intel TO-T/A
08/08/2017 Intel 8-K
08/01/2017 Intel TO-T/A
08/01/2017 Mobileye 6-K
08/01/2017 Mobileye 14D-9/A
07/31/2017 Mobileye 6-K
07/31/2017 Intel TO-T/A
07/31/2017 Mobileye 14D-9/A
07/14/2017 Mobileye 14D-9/A
07/14/2017 Intel TO-T/A
07/14/2017 Mobileye 6-K
07/10/2017 Mobileye 14D-9/A
07/10/2017 Intel TO-T/A
07/10/2017 Mobileye 6-K
06/22/2017 Mobileye 14D-9/A
06/22/2017 Intel TO-T/A
06/22/2017 Mobileye 6-K
06/14/2017 Mobileye 14D-9/A
06/14/2017 Intel TO-T/A
06/14/2017 Mobileye 6-K
06/13/2017 Mobileye 14D-9/A
06/13/2017 Intel TO-T/A
06/13/2017 Mobileye 6-K
06/12/2017 Mobileye 14D-9/A
06/12/2017 Intel TO-T/A
06/12/2017 Mobileye 6-K
06/05/2017 Intel TO-T/A
06/01/2017 Mobileye 6-K
05/12/2017 Mobileye 6-K
05/09/2017 Mobileye 14D-9/A
05/09/2017 Intel TO-T/A
04/20/2017 Intel TO-T/A
04/05/2017 Mobileye Schedule 14D-9
04/05/2017 Intel Schedule TO
03/17/2017 Intel TO-C
03/15/2017 Mobileye Schedule 14D-9
03/14/2017 Mobileye 6-K
03/13/2017 Intel 8-K (TO-C)
03/13/2017 Intel TO-C
03/13/2017 Mobileye Schedule 14D-9
03/13/2017 Intel 8-K (TO-C)
03/13/2017 Mobileye 6-K

Investor Materials

03/17/2017 FAQ
03/13/2017 Investor Call Transcript
03/13/2017 Presentation: Intel to Acquire Mobileye
03/13/2017 Investor Call Webcast Replay