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

Portia Crowe   

Mobileye's stock is soaring on a report that Intel just bought it for $15 billion
Tech1 min read

A device, part of the Mobileye driving assist system, is seen on the dashboard of a vehicle during a demonstration for the media in Jerusalem October 24, 2012. REUTERS/Baz Ratner

Thomson Reuters

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

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...

Read the full Haaretz report here.

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