LG buys Kodak's OLED unit

Kodak announced today that they have sold all their OLED related assets to a group of LG companies. Kodak will still have access to the technology to use in its own product.

Kodak is doing this to strengthen their financial situation. They also recognize that in order to realize the full value of the OLED business, it needs a significant investment.

This is a sad day for Kodak I think - they have invented OLEDs in 1970 and have been working on the technology for 40 years now (!). It'll be interesting to see what LG will do with Kodak's IP (which is mostly about Fluorescent OLEDs and manufacturing equipment). In any case, LG is showing that they are truly committed to OLEDs.

Posted: Dec 06,2009 by Ron Mertens