Apple has decided to get rid of some of their cash through their second largest acquisition.
The iPhone maker has agreed to acquire AuthenTec, a mobile security company, for $356 million in cash, according to a filing.
Security is also becoming a critical issue for Apple, as the company plays a bigger role in the workplace. As more businesses buy iPhones and iPads for their employees, more are also seeking solutions to protect their devices.
Do you think this is a good deal and will add value to Apple? Are cash acquisitions always better the stock/cash transactions?
Check out the article here: http://dealbook.nytimes.com/2012/07/27/apple-to-ac...