Intel Corp. reportedly in talks to buy Israeli smart transit firm Moovit

US tech giant Intel Corp. is in “advanced talks” to acquire Israeli startup Moovit, a free, crowdsourced application that provides real-time information about public transportation schedules, for about $1 billion, the Israeli business daily Calcalist reported Sunday without saying where it got the information.

Intel has already made a $30 million strategic investment in Moovit, via its venture capital arm in 2018.

The acquisition of the startup would follow the US tech giant’s massive acquisition of Jerusalem-based Mobileye, a maker of self-driving technologies, in 2017 for a whopping $15.3 billion, the largest ever acquisition in Israel.