Stratasys said the deal will enable it sell affordable desktop printers in the consumer market. Makerbot's machines are typically priced from $2,000 to $3,000, in comparison to the $10,000 to $600,000 price tags of Stratasys' machines geared toward industrial clients.
Per the deal, owners of MakerBot will receive 4.76 million newly issued Stratasys shares, with the potential for another 2.38 million through the end of 2014 if performance targets are met.
MakerBot will keep its own name and operate as a unit of Stratasys.
Microsoft (MSFT - Get Report) has made changes to features of its upcoming Xbox One video game console after an outcry from gamers. Just days after the Electronic Entertainment Expo, where Microsoft debuted the Xbox One, Microsoft said players will no longer need an Internet connection to play an Xbox One game and restrictions on used games would be lifted. "Since unveiling our plans for Xbox One, my team and I have heard directly from many of you, read your comments and listened to your feedback," Don Mattrick, president of Microsoft's Interactive Entertainment Business, wrote in a post. "So, today I am announcing the following changes to Xbox One and how you can play, share, lend and resell your games exactly as you do today on Xbox 360." Gamers were unhappy about the new requirements of the Xbox One revealed at E3, the same expo where Sony (SNE - Get Report) debuted its PlayStation 4 that will allow users to play the system without an Internet connection and share used games.
Microsoft was reportedly in advanced talks about purchasing Nokia's (NOK - Get Report) device business, according to The Wall Street Journal. The Journal cited a source who said the two companies were in discussions as recently as this month, but talks have since broken down due to price and Nokia's faltering position in the market. Nokia missed analyst expectations last quarter and posted an operating loss, with device sales down sequentially and year over year.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts