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Intel confirms acquisition of Moovit for USD 900 million

2020-05-05 08:43:00| Telecompaper Headlines

(Telecompaper) Intel has confirmed the acquisition of mobility applications developer Moovit for USD 900 million, or USD 840 million net of Intel Capital's profit on its initial stake. Moovit is expected to add to Intel's ADAS business Mobileye and its plan to become a complete mobility provider. 

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