Social News XYZ     

Samsung to continue seeking mergers and acquisitions

Samsung to continue seeking mergers and acquisitionsSeoul, May 22 (IANS) Samsung on Monday said it will continue to seek mergers and acquisitions to provide distinctive experiences to its customers.

During its investors' forum held in Hong Kong, Samsung said the company is open to finding partners that line up with its strategies, Yonhap news agency reported on Monday.

Samsung has been actively seeking to buy competitive companies, taking over US-based electronics brand Dacor and VIV Labs Inc -- a developer of artificial intelligence platforms in 2016.

 

The company also spent nearly $8 billion to buy Harman International Industries this year.

Samsung's push to acquire businesses recently faced hurdles as its de facto head Lee Jae-yong was imprisoned earlier this year amid allegations that he was involved in a corruption scandal which led to the ouster of former President Park Geun-hye.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

Facebook Comments
Samsung to continue seeking mergers and acquisitions

About VDC

Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.