BREAKING NEWS

Apple acquiring Israeli company LinX for possible $20 million

By JPOST.COM STAFF

APRIL 14, 2015 23:09

Apple Inc. is preparing to acquire Israeli company LinX for a possible price of $20 million, according to a report by the Wall Street Journal on Tuesday.

Both companies stayed mum on the deal, with only Apple releasing a simple statement.

"Apple buys smaller technology companies from time to time and we generally do not discuss our purpose or plans," a company spokesperson said.

LinX is a company that develops and markets cameras for mobile phones and tablets.

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