Prime View Buys E Ink Corporation For $215 Million

Posted Jun 1, 2009

E Ink Corporation is the company behind the electronic paper displays that go into devices such as the Kindle and the Sony Reader.  Prime View International Co. Ltd. is one of E Ink’s primary partners.  Today Prime View reached an agreement to buy out E Ink for $215 million.

When E Ink started in 1997, they raised about $150 million in capital so the acquisition price does not seem to impressive.  E Ink will maintain their headquarters in Cambridge, Massachusetts.

Prime View and E Ink have been partners since 2006 and together they helped support about 20 e-book manufacturing companies.

“Combining E Ink and PVI creates a single public company that is dedicated to electronic paper,” stated E Ink co-founder, CEO, and president Russ Wilcox. “With a common ownership structure, we can get closer to customers around the world, streamline the supply chain, and speed up new product development.”

Some of E Ink’s investors include Eastward Capital, FA Technology Ventures, and Solstice Capital, Intel, and Motorola.

[via InformationWeek]