E Ink Corp. Acquired by Taiwanese Company for $215 Million
Prime View International, a Taiwan-based display provider and the world’s highest volume supplier of e-paper display modules, today announced that it has agreed to acquire E Ink Corporation for approximately $215 million.
"The world is searching for green technology that saves energy and cuts waste and still provides an outstanding experience,” said Scott Liu, chairman and CEO of PVI, “E Ink's electronic paper meets those needs, especially in electronic publishing and mobile displays. The people in both companies will unite to provide the world’s best digital reading experience and that will benefit all our customers and end users."
The deal is the capstone in a transformation at PVI over the past four years to focus on electronic paper displays. In 2005, PVI acquired the ePaper business of Philips Electronics and partnered with E Ink to provide displays for electronic books including the Sony Reader and the Amazon Kindle 2 and Kindle DX.
For more information on the deal, view this press release.