Five of Israel's largest tech deals

AFP News

13 March 2017 at 2:17 pm

Intel announced that they will be buying Mobileye, an Israeli company that specializes in technology like self-driving cars, which will be taken as a sign of Israel upholding their self-assigned label as the "Startup Nation"

Waze, an Israeli copmany bought out by Google in 2013, is the largest community-based traffic and navigation app that shares real time traffic and road info

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.

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