Samsung has bought 10 percent of the shares of its South Korean competitor Pantech. Samsung has this deal for 47.6 million dollars (nearly 37 million) to count down.
May 22, 2013 – Pantech is the third largest manufacturer of mobile phones in South Korea, after Samsung and LG. Pantech makes the last few years in Asia especially name with smartphones with large HD and Full HD displays. Samsung is the deal the fourth largest shareholder of Pantech, after the U.S. chipmaker Qualcomm and the Korea Development Bank, respectively, 11.96 percent and 11.81 percent of the shares of Pantech own.
Samsung and Pantech already had strong ties in the semiconductor and display market. The last time went so well with Pantech (there was a five-year plan to bring back a debt of nearly $ 190 million), making the acquisition of Samsung comes as a relief.
Samsung recently tookoften positive news thanks to record sales and record profits.
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