By Roy Goldenberg and Tzahi Hoffman
Microsoft Corporation (Nasdaq: MSFT) will later today confirm that it is buying Israeli digital pen company N-trig, sources inform “Globes.” The company has developed a chip for a digital pen and computer screen interface. Microsoft will pay several tens of millions of dollars for the Kfar Saba based company.
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Microsoft already owns a stake in N-trig and is by far its largest customer, responsible for 79% of revenue. N-trig has recently been financially-troubled after failing to meet the financial conditions of a loan that it took and a “going concern” warning was attached to its 2014 statement…[READ MORE]
Published by Globes [online], Israel business news – www.globes-online.com
