Taiwan's Prime View To Buy E Ink For About US$215 Million
01 Juin 2009 - 10:26AM
Dow Jones News
Taiwanese liquid-crystal-display and electronic paper maker
Prime View International Co. (8069.OT) said Monday it will buy
U.S.-based digital ink maker E Ink Corp. for about US$215 million
in cash.
Prime View said in statement the deal would allow the company to
obtain access to E Ink's key technology and patents.
The deal is expected to close in October, Prime View Chief
Financial Officer Stephen Chen told Dow Jones Newswires by
telephone.
"We can lower costs and dominate the market by acquiring E Ink,"
Chen said.
Prime View makes electronic books like Sony Corp.'s (SNE) Sony
Reader and Amazon.com Inc.'s (AMZN) Kindle electronic reader.
-By Alex Pevzner, Dow Jones Newswires; 8862-2502-2557;
alex.pevzner@dowjones.com