Porsche Mulls Purchase of Stake in Supplier Mobileye

Porsche Automobil Holding SE is in talks about investing $150 million to buy a 10% stake in Netherlands-based Mobileye N.V., a maker of collision avoidance systems, Israel's Calcalist reports.

The privately held supplier is seeking three or four partners to collectively inject as much as $500 million for 20%-30% of the company's equity, according to the business daily. It says private equity fund Blackstone Group and financial services giant Fidelity Investments are each expected to invest $100 million-$150 million.

Investment bank Goldman Sachs Group is Mobileye's largest shareholder, with a 25% stake.

Mobileye sells safety technology that connects a windshield camera to a dashboard device that warns of a potential collision with a pedestrian or another vehicle. The system will automatically apply the brakes if a crash is imminent.