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Five years after buying and delisting Mobileye for $15.3 billion, Intel is putting it up for sale again with a price tag of $16 billion.
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That’s an embarrassing discount to the $50 billion value that had once been floated, and little more than half the $30 billion that was being discussed just a month ago
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The tech-heavy Nasdaq Composite has lost a third of its value, public-offering volume has plummeted over 90%, and the majority of last year’s IPO crop is underwater. All the signs are there for any right-minded chief executive to hold off on a share sale. Yet Intel Corp. is still bringing Mobileye Global Inc. to market.
Full article: https://www.bloomberg.com/opinion/articles/2022-10-18/intel-selling-mobileye-shares-at-a-deep-discount-seems-desperate
Is this a smart move for Intel Corp to proceed with the Mobileye share sale now?
