Hey buddy, want to buy a smartphone manufacturer? Pantech puts itself up for sale
posted by Alan F. / Sep 26, 2014, 10:29 AM
There is plenty of competition in the Koren smartphone market, even within the country's borders. 90% of Korean smartphone buyers purchase a home-grown device. That actually makes purchasing Pantech a quick and easy way for other handset manufacturers to buy into the Korean market in one fell swoop.
Companies interested in making a bid for Pantech have until 3pm on October 7th to submit an offer for the company. Pantech's value as a going concern is $366 million, more than double the $186 million liquidation value of the manufacturer. Samsung and LG are expected to be interested in Pantech along with Korean auto maker Hyundai and mobile operator SK Telecom. Outside of Korea, there is some talk that India's Micromax might have an interest along with some of the up and coming Chinese manufacturers like Huawei, Lenovo and Xiaomi.
source: ZDNetKorea (translated) via CNET
Posts: 285; Member since: Nov 04, 2011
I want a Helio Ocean 3 lol
posted on Sep 26, 2014, 10:36 AM 1
Posts: 2072; Member since: Oct 24, 2012
Nokia should buy them, if they have any intentions of making their own phones. Or else they'll have to wait for a couple of years.
posted on Sep 26, 2014, 10:38 AM 5
Posts: 3621; Member since: Jan 19, 2011
Not sure why so many people think Nokia wants back in the dawg-eat-pooch world of hardware when they have a ton of cash from Microsoft and an amazing leg up in software/mapping/patent holding businesses which require just a ton less overhead.
posted on Sep 26, 2014, 11:42 PM 1
Posts: 40; Member since: Mar 26, 2014
anything but Samsung
posted on Sep 26, 2014, 10:45 AM 3
Posts: 33; Member since: Sep 24, 2014
$366 is quite a bargain, anyone know where I can bid? :)
posted on Sep 26, 2014, 11:27 AM 1
Posts: 3689; Member since: Feb 14, 2014
I hope you are joking and didn't miss the word "million".....
posted on Sep 26, 2014, 11:48 AM 0
Posts: 875; Member since: Oct 17, 2011
Another one bites the dust! And it's a company with long history of mobile making. Time has change. Chinese and Indians mobile makers will someday dominate the market. Japanese companies will be next to go.
posted on Sep 26, 2014, 6:09 PM 0
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