“Amazon.com Inc said on Monday it had acquired Liquavista NV from Samsung Electronics Co to help the world’s largest Internet retailer develop new displays for mobile devices,” Alistair Barr reports for Reuters.
“Amazon also launched its own digital currency, Amazon Coins, on Monday, allowing people to buy apps and games in its app store and on its Kindle Fire tablet computers,” Barr reports. “The purchase price for Liquavista was not disclosed. Bloomberg News reported earlier this year that Samsung was seeking less than $100 million for the business… Liquavista focuses on a technology called electrowetting, which it says makes displays clearer in all lighting conditions and can show video without using much power.”
Barr reports, “The new Amazon currency – one Amazon Coin is worth 1 cent – can be used to buy apps and games and for in-app purchases, for instance when someone is playing a game and wants to upgrade to a new level quickly. Amazon put 500 Amazon Coins, worth $5, into the accounts of all Kindle Fire owners on Monday.”
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