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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Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
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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
