News Summary: Apple buying AuthenTec for $356M

Published July 27, 2012 8:00pm ET



SECURITY PURCHASE: Apple Inc. is buying fingerprint reader AuthenTec Inc. for about $356 million.

THE OMNIPRESENT PHONE: Apple’s acquisition comes as consumers use their phones for more and more daily activities, including shopping. Apple’s iPhone is one of the world’s most popular smartphones.

DEAL NOT DONE?: AuthenTec’s stock jumped above the $8 bid from Apple, suggesting investors think there may be a higher offer for the company.