Technology • Internet & Web
2020-05-05T07:32:47+00:00

Intel acquires transit data startup Moovit for $900 million

Intel Corporation announced it has acquired Moovit for approximately $900 million ($840 million net of Intel Capital equity gain).

Intel claims "The addition of Moovit brings Intel’s Mobileye closer to achieving its plan to become a complete mobility provider, including robotaxi services, which is forecast to be an estimated $160 billion opportunity by 2030".

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Co-founder of Pendect, passionate about open source and knowledge sharing. Made in Mooca.
Card reviewed by: @christoph