Shin: Samsung on the cusp of announcing the acquisition of a mobile-related tech firm

Shin: Samsung on the cusp of announcing the acquisition of a mobile-related tech firm
As part of a bigger shopping list containing specialist software and R&D firms, Samsung is about to announce the acquisition of a mobile-related tech firm. That comes directly from Samsung Mobile president J.K. Shin who opened up to the Wall Street Journal. While Shin confessed that an acquisition is in the works, he also said that Samsung had no plans to buy ailing handset manufacturer RIM. Rumors of such a deal had been making the rounds. Shin did say that the company is looking at several software firms.

While Shin would not name the target company that Samsung is close to purchasing, he made a point of discussing the new Smart Stay function on the just unwrapped Samsung Galaxy S III as an example of what these acquisitions can lead to. The Smart Stay function uses the front-facing camera on the Samsung Galaxy S III to see if you are looking at the screen so that the display won't time out.

Shin didn't give any precise date when the deal would be announced although it is believed to be imminent. Samsung is now the world's leading smartphone manufacturer and Shin's mobile division accounted for 75% of the Korean company's $4.5 billion profit in the first quarter.source: WSJ via SlashGear

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18 Comments

1. networkdood

Posts: 6330; Member since: Mar 31, 2010

Samsung is buying Blackberry?

2. jove39

Posts: 2148; Member since: Oct 18, 2011

Thinking...what kind of company they might buy...Samsung already manufactures - Processors, Display, Storage...not sure about radio equipment!

4. Rangers

Posts: 12; Member since: Apr 19, 2012

You need to read the article more carefully: "he also said that Samsung had no plans to buy ailing handset manufacturer RIM."

16. networkdood

Posts: 6330; Member since: Mar 31, 2010

just joking - do not get your panties all bunched up :-)

13. pbui.818

Posts: 78; Member since: Feb 06, 2012

Also said he's "looking at several *software* firms"

3. rg987

Posts: 130; Member since: Dec 29, 2011

ask MR. SHIN , not to be shinchan and buy a company that knows about phone's designs too . bcoz their phones' designs are really bad . all that kills their phones are their designs

5. Mobile-X-Pert

Posts: 565; Member since: Dec 20, 2010

They said a software related company not a handset manufacturer.

6. mss1988

Posts: 41; Member since: Apr 19, 2012

Motorola, HTC, Huawei or ZTE...?

17. Berzerk000

Posts: 4275; Member since: Jun 26, 2011

Why/how could they buy Motorola? Didn't Google already acquire them? I don't think Google would hand it over, much less so soon after the purchase.

21. poojaroy

Posts: 52; Member since: Apr 29, 2012

hmmm apple m sure

8. Bluesky02

Posts: 1439; Member since: Dec 05, 2011

Mr.Shin you're smart

9. grif_

Posts: 61; Member since: Apr 28, 2012

I think its Meizu:)

10. x7black7x

Posts: 118; Member since: Feb 19, 2012

i think its cyanogen???? maybe?!?!?!?

12. BattleBrat

Posts: 1476; Member since: Oct 26, 2011

I wish someone would purchase SPB, makers of the SPB Shell 3D launcher and incorporate it into their phone. I REALLY like the way it handles folders. That smart stay function sounds epic!

18. networkdood

Posts: 6330; Member since: Mar 31, 2010

huh, lots of red thumbs...oh TACoooooooo

19. grif_

Posts: 61; Member since: Apr 28, 2012

haters gna hate:)

20. samfrancisco

Posts: 12; Member since: Feb 26, 2012

Strong software firms will be acquired to build apps for Samsung's own SDKs like the S Pen, AllShare, and possibly the new ones - S Voice, S Beam, etc. This move would cement Samsung's lead over other manufacturers which only focuses on hardware and not the ecosystem.

22. pbui.818

Posts: 78; Member since: Feb 06, 2012

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