Lite-On IT takes over BenQ's ODD business unit
Apr 10, 2006
Lite-On IT and BenQ, the top two makers of optical disc drives (ODDs) in Taiwan, on April 10 jointly announced the formation of a strategic alliance in which Lite-On IT will take over BenQ's ODD business unit, including assets, related technology and licensed use of patents, ODM client portfolio, and order commitment on BenQ's own-brand ODD products, at a purchasing price of NT$1.2 billion in cash plus a 13% stake. BenQ will thereby become the second largest shareholder of Lite-On IT. full story - http://www.digitimes.com/systems/a20060410PR206.html
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