Mobileye buys Shashua’s Mentee Robotics for $900m
Israeli advanced driving assistance systems (ADAS) company Mobileye Global Inc (Nasdaq: MBLY) founder and CEO Prof. Amnon Shashua announced last night at the CES electronics trade show in Las Vegas that the company is acquiring humanoid robotics company Mentee Robotics, which he himself founded. Mobileye will pay 612 million in cash and the balance in regular Mobileye shares. Mentee has raised over 162 million at its most recent fina ...