Intel in talks to buy Israeli public transit app Moovit for $1b

Intel in talks to buy Israeli public transit app Moovit for $1b

FILE PHOTO: An Intel logo is seen at the company's offices in Petah Tikva, near Tel Aviv, Israel, October 24, 2011. REUTERS/Nir Elias/File Photo

Chipmaker Intel Corp is in advanced talks to acquire Israeli public transit app developer Moovit for $1 billion, financial news website Calcalist reported on Sunday.