Intel Corp.

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Debt Financing / Related, Equity Investments, Equity Financing / Related

Intel Announces Intent To Take Mobileye Public

Published: 12/07/2021 01:55 GMT
Intel Corp. (INTC) - Intel Announces Intent to Take Mobileye Public.
Intel Will Maintain Majority Ownership of Mobileye.
Prof.
Amnon Shashua and Mobileye Executive Team Will Remain at Mobileye.
Moovit As Well As Intel Teams Working on Lidar and Radar Development and Other Mobileye Projects Will Be Aligned As Part of Mobileye.
Intel Has No Intention of Spinning Off Or Otherwise Divesting Its Majority Ownership Interest in Mobileye.
Final Decision on Ipo and Its Conditions and Ultimate Timing is Pending and Subject to Market Conditions.
Intel, As Majority Shareholder, Will Continue to Fully Consolidate Mobileye.
Transaction is Not Expected to Have an Impact on Intel's 2021 Financial Targets.
Transaction is Not Expected to Have an Impact on Intel's 2021 Financial Targets.
Intel- Intention to Take Mobileye Public in United States in Mid-2022 Via an Initial Public Offering (ipo) of Newly Issued Mobileye Stock.