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Microsoft buys N-trig, the company that builds the digital pen for the Surface Pro

Written by Andre Yoskowitz (Google+) @ 12 Feb 2015 22:43

Microsoft buys N-trig, the company that builds the digital pen for the Surface Pro Microsoft has acquired Israeli digital pen maker N-trig, the company that has been making the pen for their Surface Pro tablets.
Details were not disclosed but most reports have the purchase price at around $200 million.

The deal makes sense for both companies since Microsoft was already accounting for 79 percent of their revenue and was also a large stakeholder. N-trig also had some recent financial troubles and its investors, who have invested $130 million since 1999, were urging a sale.

Microsoft does appear to have overpaid, given that N-trig lost $117 million in 2014 and had just $5 million cash left on hand.

Source:
Globes

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