LGD in discussions to acquire Global OLED Technology
According to the Korea Times, LG Display is in talks to acquire Global OLED Technology (GOT), the IP holdings company that owns over 2,000 OLED related patents originally created by Kodak. GOT was formed in 2009 following LG's $100 million purchase of Kodak's OLED business unit.
LG Display already acquired the GOT shares owned by LG Electronics - which gave a value of $156 million to GOT. LGD now owns 65% of GOT, with the rest being owned by Idemitsu Kosan (33%) and LG Chem (2%).