Despite press release, Samsung didn't buy fingerprint ID maker

An announcement that the electronics giant bought Fingerprint Cards, a fingerprint ID maker, wasn't real, the Swedish company says.

A Fingerprint Cards sensor
A Fingerprint Cards sensor Fingerprint Cards

A press release stating that Samsung had agreed to acquire Fingerprint Cards is "incorrect," the Swedish maker of fingerprint ID sensors said Friday.

"The previous press release was not sent by Fingerprint Cards AB. Trading in the share has been suspended," Fingerprint Cards said in a statement. "What has happened will be reported to the police and to the Swedish Financial Supervisory Authority."

Cision, a public-relations firm, expressed regret for the press release publication. "Cision apologizes to Fingerprint Cards AB and other stakeholders for this error," the firm said.

Fingerprint Cards Chief Executive Johan Carlstrom didn't sound pleased about the situation. "Cision should have controlled the press release before publishing and made a control phone call," he told CNET in a statement.

Fingerprint Card's stock surged 50 percent in value Friday before trading was halted.

Cision published the news at 1:17 a.m. PT, according to a cached version of the page, and BusinessWire, a top distributor of news releases, carried the announcement at 1:23 a.m. According to a Google cache, Fingerprint Cards also published the announcement on its own Web site. But that is because "Cision has an automatic feed of press releases to our homepage," Carlstrom said.

CNET has contacted Samsung and will update this story with its response.

Updated at 3:31 a.m., 3:57 a.m., 4:44 a.m., 6:25 a.m., and 7:06 a.m. PT with further detail, Cision's apology, and Fingerprint Cards' statement.

Fingerprint Cards' stock surged 50.24 percent Friday on false news that Samsung acquired it.   Trading was halted.
Fingerprint Cards' stock surged 50.24 percent Friday on false news that Samsung acquired it. Trading was halted. Screenshot by Stephen Shankland/CNET

(Via The Verge)

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About the author

Stephen Shankland has been a reporter at CNET since 1998 and covers browsers, Web development, digital photography and new technology. In the past he has been CNET's beat reporter for Google, Yahoo, Linux, open-source software, servers and supercomputers. He has a soft spot in his heart for standards groups and I/O interfaces.

 

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