Samsung buys German OLED company Novaled AG

Over a week after rumors indicated that Samsung may be interested in buying German-based OLED company Novaled, the Korean manufacturer has officially confirmed that it will be acquiring a 90 percent stake in Novaled for 311 billion won ($279.42 million), through its affiliate Cheil Industries Inc. (an electronic material, chemical and textile unit of the Samsung Group).

Coupled with the existing 9.9 percent stake, Samsung Group now effectively owns all of Novaled. With over 500 patents, Novaled specializes in high-efficiency, long-lifetime OLED structures, which should help Samsung in decreasing power consumption and improve longevity of its AMOLED panes. Samsung has shown that it is not going to move away from OLED screens despite most other manufacturers opting for LCD (which is great in its own right), so the buyout doesn't come as a surprise as the company strives to improve their screen technology.

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Abhijeet Mishra - Editor-in-Chief

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First Samsung device: SGH-D500

Abhijeet's writing career started with guides for custom firmware for Samsung devices (including the original Galaxy S), and he moved to SamMobile in mid-2013 and worked up the ranks to Editor-in-chief. In addition to phones and mobile devices, his interests include gaming on both PC and console, PC hardware, and spending countless hours on YouTube watching videos on tech, movies, games, politics, and internet dramas.

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