Apple completes buyout of PrimeSense, the 3D body sensor company responsible for Microsoft’s Kinect
Globes reports that Apple has completed its purchase of PrimeSense, the Israel-based firm behind the technology in Microsoft’s Kinect sensor, and Apple confirmed the acquisition to AllThingsD. As noted earlier this year, the deal will cost Apple somewhere between $300-350 million. PrimeSense previously denied any talks with Apple.
On Friday, the acquisition of Israeli gesture recognition company PrimeSense Ltd. by Apple Inc. (Nasdaq: AAPL) was closed. The deal, which has not been formally announced, was made at a company value of $300-350 million, and follows lengthy negotiations by PrimeSense with several potential buyers.
The sensor firm is no longer working with Microsoft, as the Xbox manufacturer has moved to all in-house work for its latest Kinect-based technology. With Apple reportedly working on a gesture-controlled 3D interface, possibly for some sort of television-related product (or a media hub to rival the Xbox One, perhaps?), the PrimeSense purchase makes perfect sense.