Intel says it has no plans to divest majority stake in Mobileye  | Reuters News Agency

Intel says it has no plans to divest majority stake in Mobileye  | Reuters News Agency


Trade & FinanceOffersEra

Reuters used to be first to report on Intel’s determination to not divest its majority stake in Mobileye, boosting the Israeli corporate’s stocks via over 16%. Mobileye stocks, that have dropped 73% this day, took a beating previous within the future nearest media stories that Intel used to be taking a look to promote a portion of its stake within the corporate. 

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Intel bought Mobileye in a $15.3 billion offer in 2017 however relisted its stocks 5 years then via an preliminary community providing.

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