Exclusive: Japan's TDK in talks to buy iPhone supplier InvenSense - sources

Reuters News
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Posted: Dec 09, 2016 11:48 AM

(Reuters) - Japanese electronic parts maker TDK Corp is in talks to acquire InvenSense Inc, a U.S. chip maker that produces motion sensors for Apple Inc and Samsung Electronics Co, people familiar with the matter said on Friday.

TDK has offered $12 per share to acquire InvenSense, one of the people said, cautioning that negotiations are ongoing and that the terms of a deal, should one occur, could still change. The companies hope to conclude negotiations by the end of the month, the people added.

The sources asked not to be identified because the deliberations are confidential. TDK and InvenSense did not immediately respond to requests for comment.

(Reporting by Liana B. Baker in Aspen, Colorado; Editing by David Gregorio)