TDK talks to buy InvenSense

According to the source, referring to their own informants, the Japanese manufacturer of electronic components TDK is negotiating the purchase of us company InvenSense. The company InvenSense, in particular, provides motion sensors used in Apple’s mobile devices and Samsung Electronics.

The news about the negotiations immediately raised the share price InvenSense, which on Friday rose by 28% to 10.57 USD. Based on this price, the capitalization of InvenSense is approximately equal to 1 billion dollars. One of the informants claims that TDK suggested InvenSense $ 12 per share. However, negotiations are still ongoing, so the final transaction amount is unknown. It is expected that an agreement will be reached before the end of the month. Because the negotiations are confidential, the informant wished to remain anonymous.

Competitors on the market for InvenSense motion sensors are STMicroelectronics and Bosch Sensortech.

Source: Reuters

Comment

(Visited 19 times, 1 visits today)
No tags for this post.