Intel plans to wring around $1.5 billion out of Mobileye Global, selling 35 million shares of the self-driving technology company. Intel Corp. plans to wring around $1.5 billion out of Mobileye ...

June 5 (Reuters) - Intel Corp (INTC.O), opens new tab is offering 35 million shares of Class A common stock, or about a $1.5 billion stake, in Mobileye Global Inc (MBLY.O), opens new tab ...

(Reuters) - Intel Corp is offering 35 million shares of Class A common stock, or about a $1.5 billion stake, in Mobileye Global Inc, according to a regulatory filing on Monday. After the offering ...

Intel is offering to sell 35 million shares of Class A common stock, worth about $1.5 billion, in Mobileye through a secondary public offering, according to a regulatory filing with the US ...

but its parent held on to most of the stake. Intel did sell some of its holdings last year, though, raising about $1.5 billion from the deal. Mobileye’s market value is now about $11 billion ...

Intel said it will not sell its majority stake in self-driving technology firm Mobileye. Selling part or all of Mobileye could have raised some capital as part of Intel's larger turnaround plans.

Intel already sold part of its stake in Mobileye last year, raising about $1.5 billion from the deal. If Intel pushes ahead with trying to raise money using more of its holding in Mobileye ...

Mobileye gains 14.99% to close at $13.35 on Thursday, marking its largest intraday jump since late October 2022. Intel holds an 88% stake in Mobileye. 9 Out of the Last 10 Summers this "Power ...

Last year, Intel raised an additional $1.5 billion by selling a portion of its Mobileye stake. It’s unclear how many shares Intel plans might sell in the new stock sale it’s reportedly weighing.

Jakub Porzycki / NurPhoto via Getty Images) Intel is reportedly considering selling off some of its stake in MobilEye, which was recently near 90%. A Bloomberg report said Intel might offload some ...

(Reuters) -Intel ... stake, is considered to be among its "non-core" assets. CFO David Zinsner had indicated at a conference in December that Intel could sell some of its position in Mobileye ...

Intel Corp. is considering options for its stake in its struggling automated driving systems provider Mobileye Global Inc. as part of a major strategy overhaul, people with knowledge of the matter ...