Apple has agreed to acquire AuthenTec, a security company that makes fingerprint sensor chips, for around $356 million. The offer prices AuthenTec’s stock at $8.00, a 57 percent increase over its current value of $5.07.
EBay announced today that it plans to spin-off PayPal into an independent, publicly-traded company in 2015. The current head of eBay Marketplaces will become the chief executive of the new eBay; former American Express executive Dan Schulman will join the new PayPal as its president and chief executive designee. [Source: eBay]