Idemitsu Kosan has bought 32% in LG's Global OLED Technology

Idemitsu Kosan said they have signed an agreement to acquire a 32.73% stake in Global OLED Technology. Global OLED Technology is owned by LG, and this company has over 2,000 OLED patents (LG created this company when it bought Kodak's OLED business back in December 2009).

Update: reports that the deal is estimated at "several billion yen" (a billion yen is about $11 million). This makes sense, as LG originally bought the whole patent portfolio for $100 million.

Posted: Jun 07,2010 by Ron Mertens