Apple completed the acquisition of Vilynx for $50m.

Financials

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Transaction Value£38m

Consideration TypeCash

Capital Owned-

Capital Bid For100%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

target

Vilynx

bidder

Apple

Sources

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Tags

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Software

Private

AI video

Friendly

Completed

Acquisition

Single Bidder

Spain

Cross Border

Majority

Synopsis

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Apple completed the acquisition of Vilynx, a Spain-based artificial intelligence video startup, for $50m. Apple is intending to apply the technology to Siri and search. Apple's Photos could be improved with the technology to search stored video, and also, possibly for News and Apple TV apps for a recommendation engine.