Industry Expert Blogs
Will The Mobileye M&A Turn Out To Be A Bit Of A Joke?-March 20, 2017 |
Intel buying Mobileye raises many an eyebrow.
From its 1970s purchase of watch company Microma to its 2010 purchase of McAfee, Intel’s sallies into M&A have been a bit of a joke.
McAfee cost $7.6 billion and went, six years later, at a valuation of $4.2 billion.
The 1999-2000 $10 billion spending spree on telecoms companies apparently delivered zilch. I once asked an Intel president if there was any measurable return for the outlay only to get a very dusty answer.