USA > Tokyo based TDK Corporation to acquire InvenSense for $1.3bn

TDK_logo.svg Tokyo based TDK Corporation to acquire InvenSense for $1.3bn. The deal was struck after TDK agreed to buy all outstanding shares of InvenSense for $13.00 per share. TDK also produces different types sensors so InvenSense deal was a strategic buy to expand its portfolio and expertise moving forward. The all-cash deal is still subject to approval by InvenSense shareholders and More …