Asian Tech Press (SEP 27) --Taiwan's Economic Daily News reports that LG Electronics' board of directors has approved the acquisition of Cybellum, an in-car information security company, and is expected to acquire approximately 64% of the equity.

LG noted that in addition to the initial investment, it also signed a future equity simple investment agreement to make an additional $20 million investment in Cybellum in the fourth quarter when the deal closes. Cybellum was founded in Tel Aviv, Israel, in 2016 and has a total workforce of about 50 employees.