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.Source: TechTickerBlog
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”.
Kodak sells OLED business to LG
Posted on Saturday, December 05 2009 @ 2:20 CET by Thomas De Maesschalck