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Mergers: Samsung acquired Corephotonics
  • Vitaliy_KiselevVitaliy_Kiselev

    Korean tech-giant Samsung has agreed to acquire Israeli company Corephotonics for $155 million, sources inform "Globes." Three weeks ago, "Globes" was the first to report that Samsung was in advanced talks to buy the Israeli smartphone camera technology developer.

    Corephotonics has developed a camera with dual lens technology for smartphones, which is designed to improve the quality of smartphone images. According to IVC, the company, which was founded in 2012, has raised a total of $50 million, which will give the investors a fine return. Corephotonics declined to respond to the report.

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