5 of israels largest tech deals
Last Updated : GMT 09:39:56
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In the Jewish state's history

5 of Israel's largest tech deals

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Arab Today, arab today 5 of Israel's largest tech deals

Intel announced that they will be buying Mobileye, an Israeli company that specializes in technology
Jerusalem - Arab Today

US giant Intel announced Monday it would buy Israeli car tech firm Mobileye for more than $15 billion (14 billion euros), the largest cross-border tech deal in the Jewish state's history.

Mobileye makes advanced driver assistance for car manufacturers, and has already collaborated with Intel and BMW to develop self-driving cars.

For Israel, it will be seen as a sign of the self-styled "Startup Nation" coming of age, with Prime Minister Benjamin Netanyahu hailing the deal.

Here are a few of the largest Israeli tech deals:

- Mobileye: $15 billion

March 2017: Intel announces it will buy Mobileye for more than $15 billion, believed to be the largest cross-border high-tech deal ever for Israel.

- Playtika: $4.4 billion

July 2016: A Chinese consortium linked to Alibaba founder Jack Ma buys the Israeli online games company Playtika for $4.4 billion in cash. The company had been bought by US-based investors five years previously but is still based in Israel.

- Trusteer: $1 billion

September 2013: Security software provider Trusteer is acquired by US technology giant IBM.

- Waze: around $1 billion

June 2013: Google announces deal to buy the popular crowd-sourced map app Waze for more than $1 billion.

- Intucell: $475 million

January 2013: American multinational conglomerate Cisco completes $475 million takeover of Israeli firm Intucell. The company provides software enabling mobile phone carriers to better manage their networks.

source: AFP

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