Samsung acquires German display startup Cynora for $300 million

Asian Tech Press (June 30) -- South Korea's Samsung has acquired German display startup Cynora GmbH for $300 million.

Samsung Display Co. has acquired Bruchsal-based OLED firm Cynora GmbH for about $300 million, gaining access to advanced technology for foldable smartphone screens, a Wednesday report said, citing people familiar with the matter.

Samsung acquired Cynora's intellectual property and technology, but not its engineers, said the sources.

As part of the deal, Cynora laid off employees in recent weeks.

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