Tuesday, November 26, 2013

Apple Inc buys Kinect sensor company PrimeSense Ltd for US$350-million

Apple Inc. agreed to acquire PrimeSense Ltd., the maker of motion-tracking chip technology that was used in Microsoft Corp.’s Kinect game console.
Kristin Huguet, a spokeswoman for Apple, confirmed the purchase yesterday in a telephone interview. Apple, maker of the iPhone and iPad, and Tel Aviv-based PrimeSense were negotiating a deal for about US$350 million, one person familiar with the deal said last week.
“Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans,” Huguet said.

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