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$INTC $MBLY Intel said to explore sale of part of stake in Mobileye, Bloomberg reports
INTEL COULD OFFLOAD SOME OF ITS 88% HOLDING IN MOBILEYE ON THE PUBLIC MARKET OR VIA A SALE TO A THIRD PARTY
INTEL IS EXPLORING SALE OF PART OF STAKE IN MOBILEYE
Intel is considering the sale of part of its stake in Mobileye, its struggling automated driving systems provider. The chipmaker currently holds approximately 88% to 90% of Mobileye. The potential sale could be executed on the public market or through a transaction with a third party. This move is part of a broader strategic review by Intel as it looks to optimize its portfolio, Bloomberg reports.
