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November 25, 2013

Apple acquires Israel's PrimeSense, no terms

Apple has acquired Israel-based motion technology company PrimeSense for an undisclosed sum.

PrimeSense spokeswoman Kayla Egbert confirmed the , but says the company isn't revealing additional details.

Founded in 2005, PrimeSense makes chips used in three-dimensional sensing products. Its technology is used in Microsoft's Xbox Kinect, which lets use their bodies to control the movements of onscreen characters.

Apple Inc. shares edged up $1.75 to $521.55 in premarket trading.

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