AeroScout Set To Be Sold For $200M

WiFi-based RFID chipset developer AeroScout Ltd. is set to be sold for $200-240 million. The company, founded by CEO Yuval Bar-Gil in 1999 and based in Rehovot, Israel, has 200 employees. AeroScout is in advanced talks with a large multinational infrastructures company, the name of which has not yet been disclosed. AeroScout is a privately held company currently funded by a combination of venture capital firms and investors.