Pitango tries to stop 3DV’s acquisition by Microsoft

Calcalist reports that Pitango is trying to stop the acquisition of 3DV systems by Microsoft, which is currently being ‘cooked’ by Kleiner Perkins. Pitango claims that the bid put forth by Microsoft (approximately $35 million) is too low and that Kleiner is simply trying to cash out on its investment in 3DV, even for a loss. 

3DV has been developing motion-sensing cameras and software since 1996, but only released its first products after 10 years of operations. With the rise of Nintendo Wii, the company planned to penetrate the market in 2008, but was devalued due to the world economic crisis.  The funds and the companies declined to comment.

Follow me
Co Founder and Managing Partner at Remagine Ventures
Eze is managing partner of Remagine Ventures, a seed fund investing in ambitious founders at the intersection of tech, entertainment, gaming and commerce with a spotlight on Israel.

I'm a former general partner at google ventures, head of Google for Entrepreneurs in Europe and founding head of Campus London, Google's first physical hub for startups.

I'm also the founder of Techbikers, a non-profit bringing together the startup ecosystem on cycling challenges in support of Room to Read. Since inception in 2012 we've built 11 schools and 50 libraries in the developing world.
Eze Vidra
Follow me
Total
0
Shares

Comments are closed.

Previous Article

Remember 3DV Systems? It's about to get snatched by Microsoft

Next Article

Overcoming a hack attack

Related Posts
Eze Vidra Innovate 19 AWS
Read More

Tel Aviv to London – Mind the Gap

Yesterday, UK Israel Business, a bi-lateral trade organisation promoting economic activity between the two countries, hosted Innovate 19’ - a half day conference that brought to London Israeli scaleups and startups across AI, BlockChain, Cyber Security, Computer Vision, HealthTech, Quantum Computing and Food tech hosted by Amazon Web Services (AWS). I was asked to share my thoughts on how we can bring the UK and Israel closer together. I represented Remagine Ventures by sharing how we can bring the UK and Israel closer together by learning from each other’s strengths.
Total
0
Share