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Intel and autonomous guide: close the acquisition of Moovit for 1 billion $

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Published on May 04, 2020

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Intel would be a step away from the acquisition of Moovit, an app israeli that helps you plan trips by public transport through their advanced monitoring in real-time. There are many sources that have leaked the news to influential newspapers such as TechCrunch, The Marker and Calcalist. The news appears to be pretty solid because none of the two companies involved has officially denied the news. No comment with the qualifier, "for now" seem to be rather encouraging. The official could arrive in the course of the next few days.

The transaction is expected to amount to close to $ 1 billion. The goal would be the integration of Moovit in the division of Intel that focuses on autonomous guide, which has its headquarters in Israel and is led by Mobileye, another relatively recent. The interest of Intel in Moovit, which uses algorithms TO the mixed big data to predict the traffic, it is perfectly sensible in the context of expansion in the future of the mobility of the Intel - which has already provided substantial loans to the company in the past.

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