Ron Burgundy Posted May 1, 2014 Share Posted May 1, 2014 Qualcomm Inc is spinning off its location awareness technology, which is compatible with Apple Inc's iBeacon version, to a group of investors including music, sports and arena conglomerate AEG. The chipmaker said on Wednesday it sold the business as a newly formed entity called Gimbal Inc. One investor is the i-Hatch LBS Fund, which includes strategic investors Zebra Technologies Corporation and AEG. Qualcomm will remain a minority investor. A Qualcomm spokesperson declined to disclose financial details. View the full article Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.