On March 13, 2017 Mobileye and Intel announced the intent for Intel to acquire Mobileye for $15.3 billion.[21] The deal, which was closed on August 8, 2017, was the largest acquisition of an Israeli tech company to date.[22] In May 2020, Intel announced it was acquiring mobility-as-a-services solutions company, Moovit, bringing Intel’s Mobileye closer to achieving its plan to become a complete mobility provider.[23]