Japan's TDK13 billion acquisition of Apple's Samsung chip maker InvenSense

According to Reuters, Japanese electronics component manufacturer TDK said today that its company has agreed to acquire European-American chip maker InvenSense for $1.33 billion. It is reported that InvenSense is a company for Apple and Samsung Electronics. A chip manufacturer that produces motion sensors.

TDK said in a statement on Wednesday, local time, that its company will buy all of InvenSense's shares at a purchase price of $13 per share, according to the price of the US InvenSense company's closing price on Tuesday. It has a premium of 19.9%.

It is reported that earlier this month, Reuters reported that TDK is in the process of negotiating plans to acquire InvenSense.

Japan's TDK13 billion acquisition of Apple's Samsung chip maker InvenSense

At present, TDK has developed into a major supplier of accessories for smartphones, and the company's transaction will greatly enhance its company's competitiveness in providing sensor technology products. InvenSense's gyroscopes help smartphones calculate movement directions, angles, and more, while also supporting augmented reality games like Pokemon Go.

According to Reuters, in this transaction, BofA Merrill Lynch will act as financial advisor to TDK's acquisition, while investment bank (Qatalyst Partners) will advise InvenSense. Service, etc.

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