Mobileye Expands Robotics Capabilities with Strategic Acquisition

13 days ago

Isabelle Lee

"All right, let's talk about Mobile Eye. Mobileite, ticker is MBLY. Uh it's the only one in the green, up by almost 1%. So they're acquiring an Israeli startup called Menty Robotics and an all cash and stock deal valued at around $900 million. So the self-driving car system company is aiming to expand their robotics capabilities. I feel like almost everything now is either robotics or self-driving. So they're going to pay 612 million in cash and as many as 26 million class A shares. Um with a deal they join leading car makers in the US and China. So again we're going to have competition in this space and they're also investing in a human humanoid robot."

The speaker discusses Mobileye (MBLY), noting that it is the only company in the green among those mentioned. Mobileye is making a strategic acquisition of Menty Robotics, a deal valued at around $900 million, aimed at expanding its robotics capabilities amid growing competition in self-driving technologies.

Related Stocks