The deal is estimated at $ 1 billion.
Citing a Calcalist financial news website, a source said Intel is in talks to acquire an Israeli company that has developed a free mobile app for public transport and navigation Moovit. According to informants who wished to remain anonymous, the deal is very close to signing. It is estimated at 1 billion dollars. Company officials declined to comment on the message.
Intel is negotiating the purchase of Moovit
The Moovit app provides transit information to more than 750 million users in 100 countries. Last month, an emergency mobilization service was launched in the application, which was created for transit agencies and enterprises during the COVID-19 pandemic. It makes car parks available for transportation on demand to ensure the safety of key employees and has been implemented in a number of cities by large corporations.
