PrimeSense Ltd

Silver Lake looks to raise new USD1 billion technology fund

Technology-focused private equity firm Silver Lake Management LLC will raise a USD1 billion fund to be invested in mid-sized companies. The firm's Silver Lake Sumeru LP unit will run the new fund.

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Apple takes over Israeli PrimeSense for USD350 million

An Apple Inc. spokeswoman has confirmed that the Cupertino-based tech giant will acquire Israel's PrimeSense Ltd. for USD350 million. The PrimeSense deal is the latest in Apple's acquisition of less well-known companies.

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