Home > News > Plastic Logic scores $700m from Russians
January 18th, 2011
Plastic Logic scores $700m from Russians
Abstract:
The size of Russian investment in failed e-reader company Plastic Logic has been revealed, with $700m on the table for a company that has never managed to make a viable product.
Plastic Logic did make a few Que readers, one of which is on display in Churchill College, Cambridge, but delays in production allowed the competition (notably the iPad) to leapfrog the $650 Que despite its engaging technology. With the Que canned, the company was desperately short of money, until the Russians turned up with bundles of cash to invest.
Source:
theregister.co.uk
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