Semiconductor technology manufacturer Intel agreed on Tuesday to acquire Israel-based TV imaging technology provider Replay Technologies, providing exits to electronics producer Samsung and telecommunications firm Deutsche Telekom.
Intel did not disclose the purchase price in an accompanying press release but market sources told Globes they believed the price was $175m.
Replay has developed a sports event viewing system called FreeD that uses ultrahigh-definition cameras positioned through the arena to film games, allowing television viewers to watch it from any angle. The cameras are connected to Intel-based servers.
The company will look to expand its business under Intel while adding features such as the option to edit personalised content.
Intel agreed the deal little over a week after Replay raised $13.5m in a series B round led by Deutsche Telekom’s corporate venturing unit, Deutsche Telekom Capital Partners.
Replay had raised $27m in funding since it was founded in 2011, including $9m from financial services firm Guggenheim Partners in May 2014 and an undisclosed amount from Samsung unit Samsung Venture Investment Corp the following month.
– Photo courtesy of Replay Technologies