- A week after multiple reports emerged of advanced buyout talks, Apple (AAPL) has confirmed the acquisition of Israeli motion sensor tech developer PrimeSense. AllThingsD reports the price tag is ~$360M.
- PrimeSense's motion-sensing chips, software, and IP powered the original Xbox Kinect (but not its successor), and could potentially be used in future Apple living room and mobile hardware. True to form, Apple is staying tight-lipped about its specific plans for the startup's products.
- Over the last two years, Apple has stepped up the pace at which it's buying component vendors. In addition to PrimeSense, the company has acquired flash controller chip vendor Anobit (bought for a reported $500M), fingerprint sensor developer AuthenTec (bought for $356M and used to create the iPhone 5S' fingerprint sensor), and low-power Bluetooth chipmaker Passif Semi (bought for an unknown sum).
at CNBC.com (Fri, 12:52PM)