MacAlert!

Up to the minute Apple and Mac news alerts

Optical hardware company Finisar scooped up in $3.2B deal, less than a year after Apple’s backing

[2018-11-09 14:22:19]

Sunnyvale-based optical hardware company Finisar Corp. is being acquired by a competitor for $3.2 billion in cash and stock, the company announced Friday. Finisar shares jumped as much as 23 percent in early trading on the news. Shares of its acquirer, Pennsylvania-based II-VI Inc., pronounced “two six,” sank more than 11 percent before the opening bell. Finisar launched in 1988 and specializes in optical communication products. Last year, Finisar made headlines after Cupertino-based Apple…

Optical hardware company Finisar scooped up in $3.2B deal, less than a year after Apple’s backing


Read more....



RELATED!

Apple extends losses on fresh downgrade, slower iPhone XR production rumor

Apple to stop revealing unit sales sparking peak iPhone fears

​Apple shares slide on disappointing outlook

​Apple gives iPad biggest update since the 2010 original

Apple set to release refreshed iPads, likely with facial recognition, today

Exclusive: Apple supplier Jabil extends furloughs to San Jose campuses

​Apple investigates illegal student labour at Watch assembly plant

Apple to launch streaming service globally early next year, report says

Exclusive: Apple signs big industrial lease in Milpitas

Essential links for October 19: Micron, Intel make a deal; Apple sued over Face Time; Google X project flies a kite

Report: Apple acquires music analytics platform Asaii

Apple scoops up 300 engineers in $600M chip deal

Apple tells Congress it found no evidence of Chinese server hack

Chinese spies slipped secret chips into servers at Apple, Amazon and others, report says

Exclusive: Apple electronics supplier Jabil to conduct temporary shutdowns