upper management remains wary of big acquisitions, in large part because of AST, employees say.
Samsung’s recent acquisitions have been small, and focused on software developers that can help distinguish Samsung’s phones from others built on the Android platform.
Last May, Samsung—seeking to create a credible rival to Apple’s iTunes platform—snapped up mSpot Inc., a Palo Alto, Calif.-based mobile-software developer with hopes of creating a one-stop media platform that would allow users to stream and download music on their Samsung devices.
In the process, Samsung hoped to rival not only iTunes, but also online music-streaming services such as those offered by Sweden’s Spotify AB and Oakland, Calif.-based Pandora Media Inc.
Earlier this year, Samsung moved mSpot into a new office with plans to double its staff by the end of 2013. Since then, however, the company’s attempts to develop the product, initially called Samsung Music Hub, have foundered.
2/J Mergers and Acquisitions (M&As):
Analyst Day good start for Samsung [The Korea Times, Nov 8, 2013]
Vice Chairman Kwon Oh-hyun admitted that it needs to work on software, where it is currently heavily investing to transform itself into a solutions provider from a manufacturing firm.
Sources say Samsung prefers “Google style” expansion centered on small-sized mergers and acquisitions (M&As). It is interested in buying patents, marketing and human resources in target companies. “Samsung was passive in pursuing M&A deals. But we will become aggressive. Therefore, I don’t think our current cash-holdings are too high,” said the CFO Lee.
Vice Chairman Kwon insisted that its edge in “vertical alignment” between components and parts will enable it create over $400 billion in annual sales in 2020. … But what’s equally interesting is that Samsung is also eager to develop components. Sharpening components-related technologies is something that really matters to it because of its plan to share confidential data with software giants such as Google and others to develop innovative products and secure advanced chips and flat-screens.
upper management remains wary of big acquisitions, in large part because of AST, employees say.Samsung’s recent acquisitions have been small, and focused on software developers that can help distinguish Samsung’s phones from others built on the Android platform.Last May, Samsung—seeking to create a credible rival to Apple’s iTunes platform—snapped up mSpot Inc., a Palo Alto, Calif.-based mobile-software developer with hopes of creating a one-stop media platform that would allow users to stream and download music on their Samsung devices.In the process, Samsung hoped to rival not only iTunes, but also online music-streaming services such as those offered by Sweden’s Spotify AB and Oakland, Calif.-based Pandora Media Inc.Earlier this year, Samsung moved mSpot into a new office with plans to double its staff by the end of 2013. Since then, however, the company’s attempts to develop the product, initially called Samsung Music Hub, have foundered.2/J Mergers and Acquisitions (M&As):Analyst Day good start for Samsung [The Korea Times, Nov 8, 2013]Vice Chairman Kwon Oh-hyun admitted that it needs to work on software, where it is currently heavily investing to transform itself into a solutions provider from a manufacturing firm. Sources say Samsung prefers “Google style” expansion centered on small-sized mergers and acquisitions (M&As). It is interested in buying patents, marketing and human resources in target companies. “Samsung was passive in pursuing M&A deals. But we will become aggressive. Therefore, I don’t think our current cash-holdings are too high,” said the CFO Lee. Vice Chairman Kwon insisted that its edge in “vertical alignment” between components and parts will enable it create over $400 billion in annual sales in 2020. … But what’s equally interesting is that Samsung is also eager to develop components. Sharpening components-related technologies is something that really matters to it because of its plan to share confidential data with software giants such as Google and others to develop innovative products and secure advanced chips and flat-screens.
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upper management remains wary of big acquisitions, in large part because of AST, employees say.
Samsung’s recent acquisitions have been small, and focused on software developers that can help distinguish Samsung’s phones from others built on the Android platform.
Last May, Samsung—seeking to create a credible rival to Apple’s iTunes platform—snapped up mSpot Inc., a Palo Alto, Calif.-based mobile-software developer with hopes of creating a one-stop media platform that would allow users to stream and download music on their Samsung devices.
In the process, Samsung hoped to rival not only iTunes, but also online music-streaming services such as those offered by Sweden’s Spotify AB and Oakland, Calif.-based Pandora Media Inc.
Earlier this year, Samsung moved mSpot into a new office with plans to double its staff by the end of 2013. Since then, however, the company’s attempts to develop the product, initially called Samsung Music Hub, have foundered.
2/J Mergers and Acquisitions (M&As):
Analyst Day good start for Samsung [The Korea Times, Nov 8, 2013]
Vice Chairman Kwon Oh-hyun admitted that it needs to work on software, where it is currently heavily investing to transform itself into a solutions provider from a manufacturing firm.
Sources say Samsung prefers “Google style” expansion centered on small-sized mergers and acquisitions (M&As). It is interested in buying patents, marketing and human resources in target companies. “Samsung was passive in pursuing M&A deals. But we will become aggressive. Therefore, I don’t think our current cash-holdings are too high,” said the CFO Lee.
Vice Chairman Kwon insisted that its edge in “vertical alignment” between components and parts will enable it create over $400 billion in annual sales in 2020. … But what’s equally interesting is that Samsung is also eager to develop components. Sharpening components-related technologies is something that really matters to it because of its plan to share confidential data with software giants such as Google and others to develop innovative products and secure advanced chips and flat-screens.
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