Intel Says It Cleared Last Regulatory Hurdle in $15.3 Billion Bid to Buy Mobileye

Intel cleared the last regulatory hurdle in its bid to buy Mobileye, the autonomous-vehicle components supplier, when the Korea Fair Trade Commission approved the deal Monday, Intel said in a Tuesday announcement. Buying Mobileye will enable Intel to deliver “world-class end-to-end solutions” in autonomous driving “at a much lower cost, faster time to market and complete single solutions that our customers are asking for,” said Intel CEO Brian Krzanich in March when announcing the $15.3 billion cash acquisition (see 1703130015).