Apple supplier Lumentum raises Coherent buyout offer to $7 billion

Optical fiber firm Lumentum, a supplier of 3D sensors used in Apple’s TrueDepth camera systems including Face ID, said on Tuesday it has raised its buyout offer for Coherent to about $7 billion, the latest bid in a three-way battle for the laser maker.

The Apple A11 Bionic-powered iPhone X
Apple’s iPhone X introduced the TrueDepth Camera system and secure Face ID


Lumentum had previously raised the offer to $6.9 billion on March 17, following which optical components maker II-VI Inc said it would pay $7 billion to acquire Coherent…

Coherent was put into play after Lumentum offered $5.7 billion for the company in January, triggering rival bids from MKS Instruments Inc and II-VI last month.

MacDailyNews Take: It’s a bidding war!

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