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Friday, August 09, 2013

Samsung to buy German OLED company Novaled — Tech News and Analysis

Samsung to buy German OLED company Novaled — Tech News and Analysis

Korean consumer electronics giant Samsung, in conjunction with its affiliates, plans to acquire German company Novaled, which makes organic light emitting diode or OLED technology. OLEDs are used in next-gen displays for cell phones and televisions, and the tech is both more energy efficient and also delivers vivid colors and images.

Samsung and its affiliates are paying around $350 million plus a potential $40 million payment based on performance for Novaled. Novaled’s investors include eCAPITAL, TechnoStart, Omnes Capital, TechFund Europe, Innovation Capital, as well as Samsung Ventures, which invested in 2011.


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