Japan's TDK to buy U.S. chip maker InvenSense for $1.3 bnDecember 21, 2016 - 14:09 AMT PanARMENIAN.Net - Japanese electronic parts maker TDK Corp (6762.T) said it had agreed to buy InvenSense Inc (INVN.N), a U.S. chip maker that produces motion sensors for Apple Inc (AAPL.O) and Samsung Electronics Co (005930.KS), for $1.33 billion, Reuters reports. In a statement on Wednesday, TDK said it will pay $13 per share to buy all of InvenSense, representing a 19.9 percent premium to the U.S. company's closing price on Tuesday. Earlier this month, Reuters reported TDK was in talks to buy InvenSense. The deal would allow TDK, already a major smartphone components supplier, to boost its sensor technology offerings. InvenSense designs gyroscopes which help smartphones calculate motion, enabling augmented reality games such as Pokemon Go. BofA Merrill Lynch was the financial adviser for TDK, while Qatalyst Partners advised InvenSense. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |