Milbank, Tweed, Hadley & McCloy LLP advised Raymond James as financial advisor to Mobileye in connection with the acquisition of Mobileye by Cyclops Holdings, LLC, a wholly owned subsidiary of Intel. The transaction, which closed on August 8, 2017, is valued at approximately $15.3 billion.
As detailed in press releases issued by the companies, the transaction will couple best-in-class technologies from both Intel and Mobileye. The combination is expected to accelerate innovation for the automotive industry and position Intel as a leading technology provider in the fast-growing market for highly and fully autonomous vehicles.
The Milbank team was led by Corporate partners Dean Sattler and Roland Hlawaty and associates Nikkisha Smith and Alex Becker.