Samsung to Acquire German OLED Maker Novaled for $347M South - TopicsExpress

Samsung to Acquire German OLED Maker Novaled for $347M South Korean electronics giant Samsung and its affiliate Samsung Cheil Industries has agreed to acquire German organic light-emitting diode (OLED) manufacturer Novaled for about €260 million ($347 million), according to a report published Friday. Samsung itself is already a huge provider of OLED and AMOLED panels, particularly for mobile devices such as smartphones and tablets, but the deal will help Samsung with its manufacturing of smartphone and television displays, which are increasingly include OLED displays. Samsung sells some of the most popular smartphones in the world, including the Galaxy S4, Galaxy S3, the Galaxy Note 2 and Galaxy Note 3 which is expected to be unveiled Sept. 4.

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