Yota aims for mass-market success after buyout
It’s fair to say that the global launch of Yota Device’s last E-Ink smartphone didn’t quite go to plan. Despite positive reviews and a successful crowdfunding campaign, the Russian startup was forced to scale back its US plans significantly following a manufacturing issue. That sad state of affairs goes a long way to explaining why it’s just accepted an large investment that puts a majority 64.9-percent stake in its company in the hands of Hong Kong-based investment company REX Global.
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