Intel Corporation (NASDAQ: INTC) announced on Monday morning that it has struck a deal to buy Mobileye N.V. (NYSE: MBLY), the Israeli maker of vision systems for autos, for $15.3 billion, or $63.54 a share.
On the one hand, that’s a completely bonkers valuation for a company that generated all of $358.2 million in revenue in 2016, as Mobileye did.