Printed from http://www.electronista.com

Apple buys AuthenTec in deal worth $356 million

updated 09:42 am EDT, Fri July 27, 2012

Could bolster security in iOS devices

Apple has signed a deal to buy a Florida-based company, AuthenTec, at a price of $8 per share or about $356 million, Reuters says. That's a premium of 58 percent over AuthenTec's Thursday closing value. While largely unknown to the public, the firm makes fingerprint sensor chips used in computers, and various other forms of security software and chips for cellphones; some of the company's clients include Dell, Fujitsu, Lenovo, and Samsung. Notably, the company also produces chips involved in near-field communication (NFC) technologies.

For a long time rumors have suggested that Apple is working on adding NFC support to the iPhone, and talk has revived for the sixth-generation model. NFC could have several uses; while the main one would likely be e-wallet/ticketing transactions, it might also be used to enable device-to-device file transfers, or carrying settings between multiple computers.

One news site, Bezinga, says that AuthenTec's board unanimously approved the takeover earlier this week. The deal still isn't fully complete, however, because it requires majority shareholder approval, as well as a few other steps.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Asus Chromebook C300

When Chromebooks hit the market back in 2011, consumers didn't know what to do with them. The low-cost laptops, powered by Google's Ch ...

Plantronics BackBeat Pro Bluetooth headphones

Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

Lemur BlueDriver

"Oh no, the check engine light is on…again! What one of the hundreds of reasons could it be this time? Probably going to cost a fort ...

Sponsor

toggle

Most Commented

 
toggle

Popular News