Apple in Talks to Buy Israel's PrimeSense, Report Says
By Tova Cohen
TEL AVIV -- Apple is in early negotiations to buy Israel-based PrimeSense, a developer of chips that enable 3-D machine vision, for $280 million, the Hebrew-language Calcalist news website said Tuesday.
A delegation of Apple (AAPL) engineering executives visited PrimeSense in early July, Calcalist said.
Officials at PrimeSense weren't immediately available for comment.
PrimeSense has raised $85 million from Israel and U.S. venture capital funds, Calcalist noted.
PrimeSense's sensing technology, which gives digital devices the ability to observe a scene in 3-D, was used to help power Microsoft's (MSFT) Xbox Kinect.