According to report from AllThingsD Apple Inc. (NASDAQ:AAPL) is looking forward to acquire Israeli 3D sensor technology company PrimeSense, the report also said both sides are currently negotiating over it, while Israeli financial newspaper, Calcalist reported that the US smartphone maker had takeover the company for $345 million.
The Israeli 3D sensor technology company underpins the Kinect motion-sensing feature in Microsoft Corporation (NASDAQ:MSFT)’s Xbox 360 game console. The digital news website also reported that the deal between the two firm ends as PrimeSense’s investors agreed to the final terms of the deal.
The Israeli company deals in three-dimensional space technology by using cameras and sensors. These devices facilitate users to identify people and their gesture and movements. This technology is also used to create such instruments or device that can use as substitute to remote control for televisions and a controller for video games.
It seems that the US smartphone maker is strengthening its current line-up of PC devices, iPads and iPhones as well as expects upcoming products like the long-awaiting Apple television.
The source has also reveal the discussion is still going on; however the two parties are hung up on end-game matter such as liquidity preferences. One of the source also reveal that the cost could be somewhat more than $20 million, which was earlier reported.
Sources noted that the expected value of the deal would not be a big jump over where investors had recently valued the company, which was apparently at about $250 million. However, the deal is likely to end in existing week, it is not yet done.
The Israeli company was found eight-year-ago had generated somewhat little money; however that’s not really the case. In 2011 Silver Lake had made undisclosed amount of venture in PrimeSense, but sources related to the company has said it had Lake investment w approximately $50 million, as well as there had also been a big major sale of shares at the $250 million valuation.
Excluding this amount, PrimeSense, had also raised approximately $30 million from venture capitalists such as Gemini Israel, Genesis Partners and Canaan Partners. Apple Inc. (NASDAQ:AAPL) shares dropped -0.60% to $524.99 in last trading session.