It looks like global chip manufacturer Intel is about to spend a billion dollars buying the real-time public transport app Moovit.
TechCrunch reports that all the signs are that it’s happening, and while Moovit’s not confirmed the deal is in the offing, it’s not denied it either.
TechCrunch says its sources tell it that the startup — which had previously been backed by Intel Capital in a strategic investment — will become part of Intel’s Israeli automotive hub, which is anchored by Mobileye, the autonomous driving company that Intel acquired for $15.3 billion in 2017.