Samsung and subsidiary Cheil Industries acquire Dresden spin-out Novaled.

Smartphone manufacturer Samsung and its display manufacturer subsidiary Cheil Industries have acquired Organic Light Emitting Diode (OLED) manufacturer Novaled, confirming speculation of acquisition from last week. In a transaction that values Novaled at €260m ($345m), Cheil acquired 50% of the firm. Samsung itself will pick up 40% while the firm’s venture unit, Samsung Venture Investment,…

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