Menu
Trending: Holiday Gifts | CES 2015 | Super Bowl 2015 Ads More Topics: Apple | Cars | TV Shows | Politics
The Best 2014 Super Bowl Ads

The Best 2014 Super Bowl Ads

CES 2015: LG will unveil its New 4K Ultra HD TV with Quantum Dot Technology

CES 2015: LG will unveil its New 4K Ultra HD TV with Quantum Dot Technology

Budweiser Super Bowl 2015 Ad leaks

Budweiser Super Bowl 2015 Ad leaks

Google Car Initiative to go ahead via Android

Google Car Initiative to go ahead via Android

Sony cancels The Interview Release on Christmas

Sony cancels The Interview Release on Christmas

Samsung Buys 10% Stake in Pantech

May 22 2013, 7:50am CDT | by , in News | Technology News

Samsung Buys 10% Stake in Pantech
 
 

The South Korean colossus, Samsung has bought a 10% stake in Pantech, a handset manufacturer. This buying of a chunk of Pantech could supplement Samsung’s pre-existing, pre-eminence among the world’s leading technological multinationals.

While Samsung happens to be a big player on the field, Pantech is not exactly a small-time fellow either. As the third largest handset maker on the South Korean scene, it wins kudos as a need-provider par excellence. That’s why when Samsung suddenly decided to acquire a 10% share in the company it was lauded as a step in the right direction. This is one partial acquisition that will have a salubrious effect on Samsung’s economic vital signs. Both companies will cooperate in the manufacture of much valued hardware.

According to The Next Web, the real deal was signed, sealed and hopefully it will deliver in the future. In order to maintain a solid relationship without any conflict of interests, Samsung has opted to be a passive onlooker rather than a meddlesome doer. This policy of no involvement is best for both sides. The two have previously collectively created semiconductors as well as display businesses. Pantech has already spent $211 million on the purchase of device components from Samsung. In the capacity of being the world’s most extensive smart phone producer, Samsung spent a little less than $48 million on the share transaction.

Pantech meanwhile may be quite famous in South Korea but it lacks exposure on a global level. Now that situation may change thanks in no small part to Samsung. This deal will make Samsung one of the big three stakeholders of Pantech. The other two besides Samsung in this trio are Qualcomm Incorporated and Korea Development Bank. The financial state of Pantech will improve and as for the investors they will be automatically attracted once growth and productivity hit the high water mark. Before this landmark decision, Pantech was a local hero of sorts. But now it will make it to the exclusive club of global giants within a few years. The two were in competition before as well. Now the bitterness has gone and along with it any feelings of ill will.

Samsung with its intensely creative motto of “everyone’s invited” has always kept its morale up there in the stratosphere with the likes of Apple and Google. Its sophisticated electronic goods and beautiful smart phones have wowed target audiences on a worldwide level. With this fractional acquisition it can bury the competitive past and get on with its usual business of technological innovation.

Image Credit: Getty Images

You Might Also Like

Read the Latest

CES 2015: IC Real Tech will debut World’s First 720-Degree Immersive Video Camera

CES 2015: IC Real Tech will debut World’s First 720-Degree Immersive Video Camera It will be viewed and controlled via todays leading mobile devices and also delivers 3D like monitoring experience. The...

22 minutes ago

Game Worn Michael Jordan Shoes sold for $33k

Game Worn Michael Jordan Shoes sold for $33k The right side foot is signed by Jordan along with ‘Best Wishes’ although it is faded now. The shoes were definitely...

34 minutes ago

CES 2015 News
THX to bring new HDMI tech to CES 2015

THX to bring new HDMI tech to CES 2015 4K Interconnect program to work with 2.0 and beyond

38 minutes ago

Smart Wallet tech coming to CES 2015

Smart Wallet tech coming to CES 2015 NXT-ID to unveil Wocket smart wallet

59 minutes ago

CES 2015 to feature Toshiba's Wide Range of Next-Generation Innovations

CES 2015 to feature Toshiba's Wide Range of Next-Generation Innovations The Toshiba exhibition at the CES 2015 is going to include new concept innovations and solutions for energy, storage...

1 hour ago

CES 2015: ZTE to showcase Voice Controlled Star 2 with an Array of Flagship Devices

CES 2015: ZTE to showcase Voice Controlled Star 2 with an Array of Flagship Devices ZTE launched its flagship smart phone Star 2 in China on Thursday. ZTE is going to showcase an array of flagship...

2 hours ago

#Instapurge 2014: Instagram deletes Millions Of Followers from Justin Bieber, Kim Kardashian, Beyonce and Many Other Celeb's Accounts

#Instapurge 2014: Instagram deletes Millions Of Followers from Justin Bieber, Kim Kardashian, Beyonce and Many Other Celeb's Accounts An Instapurge of sorts has occurred on Instagram in the current year. And the top 100 accounts have been affected.

3 hours ago

Pepsi Hyped for Halftime campaign pushes Super Bowl 2015 Halftime Show

Pepsi Hyped for Halftime campaign pushes Super Bowl 2015 Halftime Show Pepsi has already geared up their Super Bowl 2015 campaign for the Pepsi sponsored Super Bowl 2015 halftime show...

5 hours ago

Google Car Initiative to go ahead via Android

Google Car Initiative to go ahead via Android Google is taking an initiative in its quest for a car and it is to go ahead with it via Android facility.

5 hours ago

Matt Kemp's Arthritis Diagnosis Jeopardizes Trade to San Diego Padres

Matt Kemp's Arthritis Diagnosis Jeopardizes Trade to San Diego Padres Los Angeles Dodgers outfielder Matt Kemp was diagnosed with arthritis in both of his hips on Dec. 18. The finding...

10 hours ago

Chicago Bears Confused With Marc Trestman's Discipline Methods

Chicago Bears Confused With Marc Trestman's Discipline Methods The Chicago Bears are confused at how head coach Marc Trestman has handled several discipline cases lately. The most...

11 hours ago

Rajon Rondo On Dallas Mavericks' Radar

Rajon Rondo On Dallas Mavericks' Radar Boston Celtics point guard Rajon Rondo has been the subject of trade rumors. One of the teams reportedly vying for his...

13 hours ago, 5:56pm CST

The Funniest Commercials of the Year 2014 Airs Tonight on Spike TV

The Funniest Commercials of the Year 2014 Airs Tonight on Spike TV The Funniest Commercials of the Year 2014 show will be hosted for the first time by Gabriel Iglesias.

22 hours ago, 9:04am CST

Call of Duty: Advanced Warfare is $39.99

Call of Duty: Advanced Warfare is $39.99 Today Call of Duty: Advanced Warfare is on sale for $39.99 for Xbox One, Sony PS4, Sony PS3 and Xbox 360.

23 hours ago, 7:59am CST

Sony cancels The Interview Release on Christmas

Sony cancels The Interview Release on Christmas The decision was made after multiple theaters refused to screen the movie. Sony Studios has expressed its dismay over...

23 hours ago, 7:58am CST

Charlie Sheen to Reprise his role from Ferris Bueller’s Day Off on the Goldbergs

Charlie Sheen to reprise role from Ferris Bueller’s Day Off on the Goldbergs His role in the movie was a side character in the movie and made out with Jennifer Grey. He will be playing the same...

23 hours ago, 7:29am CST

CES 2015: JINS MEME Sensing Eyewear

CES 2015: JINS MEME Sensing Eyewear a new wearable device called JINS MEME will be presented at the CES 2015.

23 hours ago, 7:24am CST

AMC Theaters and MoviePass collaborate to deliver New Subscription Service

AMC Theaters and MoviePass collaborate to deliver New Subscription Movie Service AMC Theaters and MoviePass have collaborated to deliver a new subscription service for the common people.

1 day ago, 6:56am CST

CES 2015: SecuGen to display its New U20 & SDA04PX Fingerprint Sensors

CES 2015: SecuGen to display its New U20 & SDA04PX Fingerprint Sensors The U20 and SDA04PX are OEM Fingerprint Sensors which are going to be introduced by SecuGen at the CES 2015 just like...

1 day ago, 6:55am CST

Carnival Super Bowl 2015 Ad

Carnival Super Bowl 2015 Ad Carnival Super Bowl 2015 Ad is coming. The cruise line is a newcomer to Super Bowl ads.

1 day ago, 6:53am CST

The Golic Holiday Card displays Mike Golic's Kim Kardashian Spoof Photo

The Golic Holiday Card displays Mike Golic's Kim Kardashian Spoof Photo Mike Golic did an elaborated spoof of Kim Kardashian's Paper Magazine cover last month. Now the Golic Family wears...

1 day ago, 6:15am CST

CES 2015: TRX Systems to display NEON 3D Indoor Location and Navigation Mapping

CES 2015: TRX Systems to display NEON 3D Indoor Location and Navigation Mapping TRX is also going to include Crowdsourced Navigation Mapping at the CES 2015. The TRX NEON FeatureSLAM will enable...

1 day ago, 6:10am CST

Hardent bringing top notch tech to CES 2015

Hardent bringing top notch tech to CES 2015 New IP’s to be first of its kind

1 day ago, 5:53am CST

Digital Signage China coming to CES 2015

Digital Signage China coming to CES 2015 Wholesaler coming to Vegas

1 day ago, 5:51am CST

CES 2015 will have a Virtual Rehabilitation Exhibit by CSNE

CES 2015 will have a Virtual Rehabilitation Exhibit by CSNE At CES 2015, Center for Sensorimotor Neural Engineering (CSNE) is going to unveil their new virtual rehabilitation...

1 day ago, 5:37am CST

Super Bowl 2015 Teams are New England Patriots and the Green Bay Packers predicts Bing

Super Bowl 2015 Teams are New England Patriots and the Green Bay Packers predicts Bing Microsoft's Bing uses search data to predict the future. One of their predictions for 2015 is the Super Bowl. Bing...

1 day ago, 5:33am CST

CES 2015: Sony to launch Single-Lens OLED Display to compete Google Glass

CES 2015: Sony to launch Single-Lens OLED Display to compete Google Glass Sony's eyewear comes with OLED Technology that will enable it with superior image quality. Plus the eyewear when...

1 day ago, 4:41am CST

Toyota Tacoma 2016 To Debut In Next Year’s Detroit Auto Show

Toyota Tacoma 2016 To Debut In Next Year’s Detroit Auto Show Toyota has released a photo of the Tacoma's front corner, showing off its new body framework, front lights and the...

1 day ago, 4:18am CST

Karlie Kloss Instagram Pics shine with Resplendence

Karlie Kloss Instagram Pics shine with Resplendence The Instagram pics of Karlie Kloss shine with resplendence.

1 day ago, 4:13am CST

LG to show off webOS 2.0 smart TV at CES 2015

CES 2015: LG to show off webOS 2.0 smart TV at CES 2015 LG is set to show off an upgraded smart TV at CES 2015, powered by a new version of webOS that offers an "...

1 day ago, 4:03am CST

Comments

blog comments powered by Disqus