Netflix’s Bid for Warner Bros Discovery Aims to Cut Streaming Costs and Reshape the Industry 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
USPS Expands Electric Vehicle Fleet as Nationwide Transition Accelerates 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Visa to Move European Headquarters to London’s Canary Wharf 
Tesla Faces 19% Drop in UK Registrations as Competition Intensifies 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum 
EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp 
IKEA Expands U.S. Manufacturing Amid Rising Tariffs and Supply Chain Strategy Shift 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation 
GM Issues Recall for 2026 Chevrolet Silverado Trucks Over Missing Owner Manuals 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Samsung Display Co. Ltd. and eMagin Corporation announced this week they have signed a definitive merger agreement. The South Korean subsidiary of Samsung Electronics is acquiring the American leader in organic light emitting diode (OLED) microdisplay technology for $218 million.
Samsung Display and eMagin agreed that the former is buying all outstanding shares of the latter’s common stock for $2.08 per share. The purchase is set to be paid in full cash.
The merger is expected to strengthen Samsung Display’s push to get into the global market for its line of businesses, including extended reality. In any case, eMagin was founded in 2000 and is currently based in Hopewell Junction, New York. It mainly manufactures small-sized OLED display panels for augmented reality (AR) and virtual reality (VR) devices.
According to Korea Joongang Daily, Samsung Display and eMagin are expecting their merger deal to be completed within the second half of this year. Then again, just like any other buyout transaction, this is also subject to the approval of regulators, stockholders of eMagin, and other applicable customary closing conditions.
Until the process of the buyout is closed, the two companies will continue to operate as separate independent firms. And when everything is in place and finalized, the American OLED maker will still maintain its operations and facilities in New York.
“This agreement is a validation of our technical achievements to date including our proprietary direct patterning (dPd) technology, provides a significant premium for our shareholders, and represents a win for our customers and employees,” eMagin’s chief executive officer, Andrew G. Sculley, said in a press release. “By teaming with Samsung Display, we will be able to achieve the full potential of our next-generation microdisplay technology with a partner that can provide the resources and expertise we will need to scale production.”
Samsung Display’s president and CEO, Joo Sun Choi, further commented, “We expect XR (Extended Reality) devices to have significant potential of growth in the future, and eMagin’s technology in this space will enable Samsung to offer innovative products to more customers and strengthen its XR-related business.”
Photo by: Samsung Display Newsroom
