Lite-On Takes Over BenQ’s ODD Unit

Lite-On Takes Over BenQ’s ODD Unit
By Rodrigo Chia on April 11, 2006 - 10:28 AM

Lite-On IT has reached an agreement to take over BenQ’s optical disc drive (ODD) business for NT$ 1.2 billion (around USD 37 million) in cash and 13% of its shares. The deal includes technology, patents, ODM customer portfolio and order commitments. After the transaction is closed, around June, Lite-On expects to become the second largest ODD maker in the world with 27% market share.

Originally at http://www.hardwaresecrets.com/news/Lite-On-Takes-Over-BenQs-ODD-Unit/1040

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