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Bullboard - Stock Discussion Forum TRANSGAMING INC. V.TNG

"TransGaming Inc is engaged in partnering with Smart TV manufacturers and international pay TV operators to deliver interactive gaming experiences to connected TVs globally."

TSXV:TNG - Post Discussion

TRANSGAMING INC. > Apple bought PrimeSense
View:
Post by whippet on Nov 25, 2013 1:12pm

Apple bought PrimeSense

JERUSALEM (Reuters) - Apple Inc has bought Israel-based PrimeSense Ltd, a developer of chips that enable three-dimensional machine vision, the companies said on Monday.

An Apple spokesman confirmed the purchase but declined to say how much it spent. Israeli media said it was about $350 million.

"Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans," an Apple spokesman said in an e-mail.

A spokeswoman for PrimeSense said: "We can confirm the deal with Apple. Further than that, we cannot comment at this stage."

It was the second acquisition of an Israeli company by Apple in less than two years. Apple bought flash storage chip maker Anobit in January 2012.

PrimeSense's sensing technology, which gives digital devices the ability to observe a scene in three dimensions, was used to help power Microsoft's Xbox Kinect.

Apple's interest in PrimeSense was first reported in July by Israeli financial newspaper Calcalist. The paper last week noted that PrimeSense has raised $85 million from some of its investors such as Israeli and U.S. venture capital funds Canaan Partners Global, Gemini Israel and Genesis Partners.

(Reporting by Steven Scheer; Additional reporting by Chandni Doulatramani in Bangalore)

Comment by atika on Nov 25, 2013 1:41pm
If Apple paid $350 million for PrimeSense Ltd, what it the true value of TNG with SwiftShader ?
Comment by biloshi on Nov 25, 2013 1:45pm
This post has been removed in accordance with Community Policy
Comment by Junit on Nov 25, 2013 1:47pm
I don't think anyone can put a number on it at this point atika. Once google stepped up to the plate and licensed it.... the game changed. If you watch the videos of swift shader in action that were posted on the board here friday, it's hard not to believe the potential is huge. Considering every cell phone company might be able to do away with putting graphics processing chips in the ...more  
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