When Universal Display raised $250 million back in early 2011, they said they are looking at IP acquisition. Finally the company bought Fujifilm's OLED IP portfolio for $105 million in July 2012. During Deutsche Bank's dbAccess technology conference, UDC's CFO Sidney Rosenblatt revealed that when they raised the money they already had Fujifilm's portfolio in mind, and they didn't know what it would cost, so they raise $250 million.
Sidney further reveals that the company does not see any more large acquisitions ahead.
Source:
Posted: Sep 14,2012 by Ron Mertens
