Microsoft is going ahead with its purchase of 3D real-time depth detection digital camera company 3DV, as reported at the beginning of April.
The controlling shareholder of Israel-based 3DV, IDB Holding Corporation's Elron Electronic Industries and its subsidiary, Rafael Development Corporation, have signed a Memorandum of Understanding (MOU) regarding the purchase of their 43 per cent stake in 3DV to an undisclosed company, thought to be Microsoft, for about $7m. That implies 3DV is worth $16.3m. Other sources indicate the deal, expected to close in the second quarter of this year, is worth $34m.
It's reported that, sadly, 3DV is sacking most of its 40 staff, meaning that 3DV's intellectual property will go to Redmond and be further developed there, not in Israel.