updated 12:50 pm EDT, Mon June 1, 2009
Prime View to buy E Ink
Taiwan-based Prime View International (PVI), one of the larger suppliers of e-paper displays, today set out plans to acquire e-paper display maker E Ink for $215 million. E Ink's displays are used in the relatively successful 6-inch Amazon Kindle 2 e-book reader as well as its rival, the Sony Reader. The company also makes a 9.7-inch display for the Kindle DX, which it similarly sells as a prototype kit to hardware developers.
The company sold $18 million worth of E Ink displays in the first quarter of 2009. While the investment grows the copmany, E Ink investors will potentially be unhappy with the amount, as they have already invested $150 million into the company. [via e-ink info]