Acquisition of LinX deepens the Apple’s position in Israel
Apple confirmed the acquisition with its standard statement when it has bought a company. “Apple buys smaller technology companies from time to time and we generally do not discuss our purpose or plans,” said an Apple spokesman.
The companies had been discussing an acquisition price of about $20 million, according to people familiar with the matter.
LinX didn’t respond to requests for comment.
LinX develops and markets miniature cameras for tablets and smartphones. Using an array of sensors that capture multiple images at the same time and proprietary algorithms, LinX says its cameras can gauge depth and create three-dimensional image maps.
Last year, the company said its tiny camera modules allow for better-quality pictures in low light and faster exposure at standard indoor conditions. It said the technology offers single-lens-reflex (SLR) camera image quality without the need for a bulky device. Read the rest of this entry »