Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Mobileye's stock is soaring on a report that Intel just bought it for $15 billion

Portia CroweMar 13, 2017, 15:46 IST

A device, part of Mobileye driving assist system, is seen on the dashboard of a vehicle in JerusalemThomson Reuters

The Israeli autonomous-driving company Mobileye soared in pre-market trading on Monday on a report that Intel had bought it for $15 billion.

Mobileye's stock was up 30% around 6:13 a.m. ET after the Israeli newspaper Haaretz published a story, citing sources, on what would be the biggest acquisition in Israeli high-tech in history.

More to come...

Complimentary Tech Event

Transform talent with learning that works

Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More

Read the full Haaretz report here.

NOW WATCH: A $2.5 trillion asset manager just put a statue of a defiant girl in front of the Wall Street bull

Please enable Javascript to watch this video