Samsung publicly denies talks of Focal acquisition
South Korea's Financial News, in a previous report, claimed it had insider information according to which Samsung is close to buying Focal, a renowned audio equipment manufacturer based in France.
In its statement, Samsung publicly denied that it will buy out Focal:
The statement appears to deny the entire report coming from the Financial News. Rumors claimed that Samsung is eying the acquisition of a renowned audio equipment maker in an attempt to boost the strength of its audio division. For the time being, however, it looks like Samsung will attempt to find this strength from within.