Apple in £200 million deal for Israeli tech company

By Sandy Rashty, November 18, 2013

Apple has bought an Israeli company for more than £200 million.

The telecommunications giant bought PrimeSense, a Tel Aviv-based maker of micro chips for 3D technology, for £214 million this week, according to Israeli financial newspaper Calcalist.

But other sources say the reported deal has not yet been signed and is still in the process of negotiations.

PrimeSense, which developed technology for Microsoft’s Xbox Kinect, would be Apple’s second purchase of an Israeli company.

Last year, the American giant bought memory-chip company Anobit.

Last updated: 4:24pm, November 18 2013