Samsung is reportedly looking at acquiring German-based organic light-emitting diode company Novaled AG for its smartphone and television screens. A Bloomberg report has cited two insiders disclosing that the deal is likely to get inked soon, possibly by the end of this month, and is estimated to cost Samsung over $200 million.
Samsung already owns 10 percent of Novaled and is believed to account for more than 50 percent of the company’s sales in 2011. Samsung has been trying to acquire a larger share in the company since September 2011 and even proposed an equity investment of an undisclosed amount to Novaled around the same time. However, nothing concrete has come out of the talks so far. The deal however is reported to be finally in the final rounds of agreement.
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