Computing giant Intel is preparing to acquire Israel's "urban mobility" public transportation app Moovit, the Globes business daily reported Sunday.
The VC arm of Intel is already a shareholder in Moovit, which was founded in 2011.
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Moovit has attracted the attention of major Israeli startup players. Mobileye founder and CEO Amnon Shashua (which Intel acquired in 2017) is member of Moovit's board of directors. Uri Levin, the founder of the Waze navigation app, serves as company chairman.
The deal, reported to be for some $1 billion, has yet to be finalized, and neither Intel nor Moovit was commenting on Sunday.
