Samsung buys stake in Pantech, securing innovation access

Samsung buys stake in Pantech, securing innovation access
Samsung has apparently acquired a 10% stake in Pantech, its fellow South Korean phone maker, for reasons yet unknown. That makes Sammy one of the largest shareholders in the company, after Qualcomm and the state's Development Bank.

This marks a string of stake-buying by Samsung, which recently fronted the struggling Sharp north of a $100 million to secure access to the groundbreaking IGZO screen technology and other niceties.

Pantech is actually one of the most innovative makers in recent years, at least on its home turf, as it was the first to have the Vega Racer with a 1.5 GHz dual-core processor, not to mention the 5" Vega N5 phablet. Its Pantech Vega LTE handset also was first with a full-fledged gesture recognition function, and Pantech Vega Racer 2 was the world's first with glass ceramic body.

This year marked the arrival of Pantech Vega Iron, which comes with a metal frame that gives it not only a premium feel, but also makes it sturdier and more durable. Moreover, it boasts a bezel that is only 2.4-millimeters thick, which is a record achievement, so Samsung has obviously been taking notes with each of these releases, and jumped the gun on the shares acquisition.

source: YonhapNews

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28 Comments

2. WHoyton1

Posts: 1635; Member since: Feb 21, 2013

Lol the Pantech galaxy!!! Haha but seriously it looks like sammy is using some of it multi billion dollars to buy out the rest of Korean tech companies...but I mean if they can do it....

11. xperiaDROID

Posts: 5629; Member since: Mar 08, 2013

Dude, seriously? "it looks like sammy is using some of it multi billion dollars to buy out the rest of Korean tech companies" This is just stupid. I know what you mean, you mean Samsung is using some of their billion dollars to buy out the rest Korean tech companies like Pantech, LG, etc. right? This is NONSENSE! This is IMPOSSIBLE! This is MADNESS!

16. Reluctant_Human

Posts: 912; Member since: Jun 28, 2012

Madness. MADNESS!... THIS IS PHONEARENA!!!

17. WHoyton1

Posts: 1635; Member since: Feb 21, 2013

Haha calm down dude it was joke and I agree with you....if samsung bought the rest of the South Korean companies then....I do want to think :/

20. xperiaDROID

Posts: 5629; Member since: Mar 08, 2013

I'm alright, but it seems like those people who thumb down me are not calm. But if Samsung bought the rest of the South Korean companies, then.......no LG, no Pantech, only Samsung, geez, it will be the worst NIGHTMARE. But don't worry, this is impossible.

21. WHoyton1

Posts: 1635; Member since: Feb 21, 2013

No LG....which means no Optimus g2 which means....my life is over! Do you know it's supposed to have an eight core processor like the s4 but a rival to the exynos 5!

22. xperiaDROID

Posts: 5629; Member since: Mar 08, 2013

Exactly! I will "kill" Samsung if they buy LG. Come to papa, Optimus G2!

23. saadisona

Posts: 1; Member since: May 22, 2013

come on dude its only a 10% acquisition it does not mean that Sammy is going to get control of Pantech or LG or whatsoever you are talking about this is Sammy's associate not subsidiary! Calm down for control they have to buy atleast 50% or make some other contract in which its given the control and buying LG will involve billions of $s.

26. xperiaDROID

Posts: 5629; Member since: Mar 08, 2013

Dude, read comment #20. It is impossible for Samsung to buy Pantech or LG or whatever company, and you're right, buying LG will involve billions of $s.

4. Kurai unregistered

lamesung is obviously interested in their ability to design beautiful devices . . .

5. WHoyton1

Posts: 1635; Member since: Feb 21, 2013

Haha a fellow sammy hater may actually find that funny....

10. giri555

Posts: 111; Member since: Mar 15, 2012

That means more Gimmicky features coming up...

12. InspectorGadget80 unregistered

Pantech makes ugly handset. Please stop using the word innovate. There's nothing innovating bout Samsung purchasing pantech.

14. a961009

Posts: 120; Member since: Aug 04, 2011

That does not apply to Pantach phones which are in South Korea.

18. TROLL

Posts: 4851; Member since: Apr 13, 2012

Sharp edged phones look very sexy and modern, contemopray, with rear flat design™

19. TROLL

Posts: 4851; Member since: Apr 13, 2012

Beautifull concept looking device™ Someone should patent this design! Phones with curves are ugly™

24. ksenia

Posts: 25; Member since: Apr 29, 2013

samsung will copy everything they do now from design to software

25. WHoyton1

Posts: 1635; Member since: Feb 21, 2013

haha samsung are one of the best in the world when it comes to software! get your facts right before you post....

28. WHoyton1

Posts: 1635; Member since: Feb 21, 2013

why so many thumbs down im just saying samsung have the best software taste against its major rivals...htc, apple, lg...etc...

27. snowgator

Posts: 3614; Member since: Jan 19, 2011

Sammy flexes muscles, cash falls out, companies become attracted in ways they cannot say "no".....

* Some comments have been hidden, because they don't meet the discussions rules.

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