Intel in talks to buy Israel’s Moovit public transit app for $1 billion: Report

Intel in talks to buy Israel’s Moovit public transit app for $1 billion: Report

Intel Corp is reportedly in talks to acquire Israeli public transit app developer Moovit for $1B. The deal would reportedly fold Moovit into Intel’s Israeli automotive hub (currently led by Mobileye) and help with its overall self-driving strategy. Moovit’s free mobile navigation app provides transit information to more than 750M users in 100 countries. The deal is very close to being signed.

Sandra
Sandra
Timothy
Timothy 3 weeks

Another massive acquisition of one tech behemoth by another. With the singular objective of removing human failure from every equation one wonders who will make sure us little people survive the introduction of technology designed “for our own good”.

Darknimbus3
Darknimbus3 3 weeks

Eerrmm... No, don’t do it, Moov

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