The Future of Print

E Ink to be bought for $215 million – Boston Business Journal:

Posted in Boom by futureofprint on June 1, 2009

E Ink, the Cambridge, Mass.-based developer of display technology used on device such as the Amazon Kindle e-reader, said it has agreed to a $215 million buyout by Taiwan’s Prime View International.

“Combining E Ink and PVI creates a single public company that is dedicated to electronic paper,” said Russell J. Wilcox, co-founder, President and CEO of E Ink Corp. “With a common ownership structure, we can get closer to customer around the world, streamline the supply chain, and speed up new product development.”

E Ink has raised more than $150 million, mostly from a group of strategic investors that include newspaper publisher Hearst Corp., Motorola Corp. NYSE: MOT and Intel Corp. Nasdaq: INTC.

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