e-ink sale in trouble?
By Paul Biba
According to Boston.com the e-ink sale may be running into some resistance from shareholders because of the price. This is very interesting to me because, as a former corporate lawyer who was involved in some acquisitions and divestitures, the first thing I thought when I saw the initial price announcement was “boy, is that cheap“. However, it may be a bit more complicated than that as financing seems to be involved. Take a look at the article. Thanks to e-ink-info for the heads up.
Some investors behind a Cambridge company that helped make Amazon.com’s Kindle e-reader a success are balking at its proposed $215 million sale, saying its cutting-edge technology is worth more. …
But the deal now may be in jeopardy, according to two people close to E Ink investors. They say some directors and major shareholders believe the would-be buyer, electronic display maker PVI, is paying too little for the electronic paper technology driving the surging popularity of the Kindle 2 reader.
June 17th, 2009 at 1:09 pm
On the other hand, given the pace of technological change and some interesting upcoming competition (e.g. PixelQi) they may wish that they had taken the $215M.
As much as I enjoy my eink readers I can’t imagine that the lifespan of this technology will turn out to be much different (probably even less) than a Betamax VCR (of which I owned a couple).