2020-05-03T20:48:04+00:00

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.

Sources: Content Sources

Source: Techcrunch

Source: engadget.com

Image Source

Moovit Media Assets

Pentributor:

Érico Andrei

@ericof

Co-founder of Pendect, passionate about open source and knowledge sharing. Made in Mooca.

Card reviewed by: @christoph

Categorization: Locations & Places

Israel

Organizations & Institutions

Intel
Moovit

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