The Taiwanese technology manufacturer Prime View International has acquired E Ink Corporation for $215 million. Both companies have built and improved the e-paper displays used for digital readers.
The corporate release about the buyout contained some astounding predictions for the future of the digital books and readers. According to one expert, 2008’s 1.1 million unit marketplace for digital readers will expand into into a 20 million unit marketplace by 2012.
E Ink Corp. president Russell J. Wilcox had this statement: “Combining E Ink and PVI creates a single public company that is dedicated to electronic paper … With a common ownership structure, we can get closer to customer around the world, streamline the supply chain, and speed up new product development.” (Via jafurtado)