AAPL Stock: 118.17 ( -0.13 )

Printed from

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 MacNN Staff



Login Here

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


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Ultimate Ears Megaboom Bluetooth Speaker

Ultimate Ears (now owned by Logitech) has found great success in the marketplace with its "Boom" series of Bluetooth speakers, a mod ...

Kinivo URBN Premium Bluetooth Headphones

We love music, and we're willing to bet that you do, too. If you're like us, you probably spend a good portion of your time wearing ...

Jamstik+ MIDI Controller

For a long time the MIDI world has been dominated by keyboard-inspired controllers. Times are changing however, and we are slowly star ...


Most Commented