LG to buy Kodak’s OLED business
Kodak has announced that they’ll sell their OLED business to Korean multinational LG Electronics. Intrinsic financial details were not revealed but the move seems to strengthen Kodak’s financial position. The deal is expected to close by the end of this year and will allow the camera company to use its OLED technology in its products.
LG’s acquisition also indicates that they might launch AMOLED-equipped phones to combat Samsung’s wide AMOLED range.
LG had previously turned down to launch AMOLED phones citing “too expensive for general consumers”.
In other related news, Kodak and LG have also entered into a cross-licensing agreement allowing both the companies to access each other’s patent portfolio.
Share on:
Written by Kunal Gangar. Read more great feeds at is source WEBSITE
More Gadgets articles
LG and LG Electronics and Misc and News and kodak and oledBookmark this article
- [+] Digg: Feature this article
- [+] Del.icio.us: Bookmark this article
- [+] Furl: Bookmark this article
Related articles
- Versace First Luxury Phone Unveiled
(May 20th, 2010) - LG Windows Phone 7 gets handled for a photoshoot
(May 20th, 2010) - Versace Unique luxury phone announced, made by LG and ModeLabs
(May 20th, 2010) - Microsoft shows off LG Panther with the latest build of Windows Phone 7
(May 19th, 2010) - LG Imprint messaging phone comes to MetroPCS
(May 19th, 2010)
