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October 11, 2013 12:54 pm GMT
Update:After the press release announcing this acquisition went out Cision recalled it, saying it had been released in error. We’ve spoken to Samsung and are awaiting their confirmation. This is a developing story so please check for more updates. Update 2:Samsung has now confirmed the acquisition report is false. “It’s not true, it’s a groundless rumour,” the company said in a statement, after initially describing it as a “market rumour” and declining to comment further. A Samsung spokeswoman said the company did not know how the release was distributed, adding “it did not come from us”. At the time of writing attempts to contact Fingerprint Cards by telephone have been unsuccessful, but according to Reutersthe company has denied the acquisition.”A false press release has gone out,” Fingerprint Cards CEO Johan Carlstrom told the news agency, adding thatthe company has not had any discussions with Samsung. Update 3:Fingerprints Cards has now issued a statement, posted on its website, denying it has been acquired. The news in todays media that Fingerprint Cards AB has been acquired by Samsung is incorrect. The previous press release was not sent by Fingerprint Cards AB Trading in the share has been suspended. What has happened will be reported to the police and to the Swedish Financial Supervisory Authority. Original story below. Apple’s iPhone 5s has a fingerprint sensor embedded in the home button. HTC is rumoured to be sticking a fingerprint sensor on the rear of the forthcoming HTC One Max. And now Samsung is next in line to add biometrics to its mobile hardware: the company has today announced it’s acquiring Swedish biometrics company Fingerprint Cards AB– which makes a range of fingerprint sensor modules — for $650 million in cash. Samsung said today that the acquisition will”increase the accessibility of swipe sensor technology”. The Korean mobile maker made no mention of Apple’s new flagship fingerprint sensor feature — Touch ID — but that’s the clear driver here. At the launch of its new iPhone last month, the iPhone 5s, Applereplaced its flagship smartphone’s home button with a fingerprint sensor that allows users to unlock their phone with their fingerprint, and verify purchases on iTunes without having to input a password. As well as offering users the convenience of not having to keep inputting a passcode/password, Touch ID differentiates Apple’s flagship hardware from rivals — at least for the moment. It’s now a race for
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/8i0LK_9KBjY/
Samsung Calls $650M Fingerprint Cards Acquisition Report False [Updated]
Update:After the press release announcing this acquisition went out Cision recalled it, saying it had been released in error. We’ve spoken to Samsung and are awaiting their confirmation. This is a developing story so please check for more updates. Update 2:Samsung has now confirmed the acquisition report is false. “It’s not true, it’s a groundless rumour,” the company said in a statement, after initially describing it as a “market rumour” and declining to comment further. A Samsung spokeswoman said the company did not know how the release was distributed, adding “it did not come from us”. At the time of writing attempts to contact Fingerprint Cards by telephone have been unsuccessful, but according to Reutersthe company has denied the acquisition.”A false press release has gone out,” Fingerprint Cards CEO Johan Carlstrom told the news agency, adding thatthe company has not had any discussions with Samsung. Update 3:Fingerprints Cards has now issued a statement, posted on its website, denying it has been acquired. The news in todays media that Fingerprint Cards AB has been acquired by Samsung is incorrect. The previous press release was not sent by Fingerprint Cards AB Trading in the share has been suspended. What has happened will be reported to the police and to the Swedish Financial Supervisory Authority. Original story below. Apple’s iPhone 5s has a fingerprint sensor embedded in the home button. HTC is rumoured to be sticking a fingerprint sensor on the rear of the forthcoming HTC One Max. And now Samsung is next in line to add biometrics to its mobile hardware: the company has today announced it’s acquiring Swedish biometrics company Fingerprint Cards AB– which makes a range of fingerprint sensor modules — for $650 million in cash. Samsung said today that the acquisition will”increase the accessibility of swipe sensor technology”. The Korean mobile maker made no mention of Apple’s new flagship fingerprint sensor feature — Touch ID — but that’s the clear driver here. At the launch of its new iPhone last month, the iPhone 5s, Applereplaced its flagship smartphone’s home button with a fingerprint sensor that allows users to unlock their phone with their fingerprint, and verify purchases on iTunes without having to input a password. As well as offering users the convenience of not having to keep inputting a passcode/password, Touch ID differentiates Apple’s flagship hardware from rivals — at least for the moment. It’s now a race forOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/8i0LK_9KBjY/
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