May 04 - 10:05
Report: Intel closing in on $1bn Moovit acquistion
Intel is closing in on the acquisition of public transit app developer Moovit App Global in a deal worth a reported $1 billion, according to Calcalist. The report cited “people with knowledge of the talks” and that the deal was “very close” to being completed. Moovit is an app that provides information on public transit in more than 100 countries and has raised around $133 million in funding.
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