Jul 30 2013, 6:01am CDT | by Sumayah Aamir
It is going to be a done deal at above $200 million. Samsung is about to buy German OLED manufacturer Novaled. Novaled is all about organic light emitting diode technologies. They brighten smart phones and TV display screens. Within the next seven days this agreement could get finalized. Bloomberg reported that the discussions regarding the merger are already underway. Samsung has been engaged in a couple of skirmishes with LG over OLED technology. The issues were patched up later on, only to resurface and create even greater hurdles and obstacles for Samsung. It seems the greater the caliber of the company, the more it stands to lose via litigation and high risk ventures. The whole feud between LG and Samsung was over patent rights.
Meanwhile, Samsung has spent in excess of $25 million in order to open a business conglomerate in the United States. This is the first of its kind for the company in the Land of the Free and Home of the Brave. This branch will focus on OLED and LCD patents. The whole gambit to acquire Novaled was just a ruse to accumulate more and more patents related to OLED technologies. They will serve as a feather in the cap of Samsung. The fact that free enterprise lets a hundred thousand businesses bloom and brings out the best in each one via competition hardly needs going into.
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