Apple buys mobile security firm AuthenTec for $356 million
By Poornima Gupta and Sinead Carew | Reuters –
(Reuters) – Apple Inc will buy fingerprint sensor technology developer AuthenTec Inc for about $356 million (226 million pounds), striking a deal that could put its iPhone at the centre of the emerging mobile payments market.
Shares of AuthenTec, whose sensor chips can be used in personal computers and mobile devices, closed above the $8 per share that Apple agreed to pay for the company, suggesting some investors expect a rival bid.
Apple is paying a 58 percent premium for the Melbourne, Florida-based AuthenTec, which counts Korean mobile device maker — and fierce Apple rival — Samsung Electronics Co Ltd among its biggest customers.
AuthenTec is one of the very few public companies that Apple has acquired. The world’s most valuable technology company rarely
Category: Technology
