Technology • Internet & Web
2020-05-03T20:48:04+00:00

Intel to buy transit startup Moovit for $1B

Intel to buy transit startup Moovit for $1B
Moovit application screenshot Credit: Moovit Media Assets

Techcrunch sources claim Intel is close to acquiring transit app developer Moovit in a deal estimated at around $1 billion.

Moovit — which had previously been backed by Intel Capital in a strategic investment — will become part of Intel’s Israeli automotive hub and help with Intel's overall self-driving strategy.

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