Black Friday 2014 Ads, Sales and Deals. Alert: Major Black Friday 2014 Sales are Live!
Menu
$69 Fitbit Flex sells now in Walmart Black Friday Sale Online

$69 Fitbit Flex sells now in Walmart Black Friday Sale Online

New Best Buy Black Friday Deals go on Sale Black Friday

New Best Buy Black Friday Deals go on Sale Black Friday

Top 100 Black Friday 2014 Deals You Need

Top 100 Black Friday 2014 Deals You Need

Apple Black Friday 2014 Sale has launched Online

Demonstrators Protest at Black Friday Sales in Ferguson

Demonstrators Protest at Black Friday Sales in Ferguson

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

Black Friday 2014 Deals

Amazon Black Friday Deals Week
Walmart Black Friday Deals and Ads
Best Buy Black Friday Deals and Ads
Target Black Friday Deals and Ads
Apple Black Friday Deals and Ads
Sears Black Friday Deals and Ads
Dell Black Friday Deals and Ads
NewEgg Black Friday Deals and Ads
Kmart Black Friday Deals and Ads
 

Read the Latest

See the Hot Amazon Black Friday Video Games Deals

See the Hot Amazon Black Friday Video Games Deals The Amazon Black Friday deals calendars are essential to score hot Black Friday deals on movies. Now the Amazon Black...

3 minutes ago

WWE is on Marketing Spree For Brock Lesnar To Cover for His Absence

WWE is on Marketing Spree For Brock Lesnar To Cover for His Absence WWE is on Marketing Spree For Brock Lesnar To Cover for His Absence

4 minutes ago

Black Friday TV Deals to Buy in Amazon Black Friday Sale

Black Friday TV Deals to Buy in Amazon Black Friday Sale The Amazon Black Friday 2014 Sale has launched on Friday 11/21. The Amazon Black Friday 2014 Sale starts earlier than...

30 minutes ago

Amazon Black Friday Movie Deals Calendar: The Black List Season 1 Coming Up

Amazon Black Friday Movie Deals Calendar has new Deals The Amazon Black Friday deals calendars are essential to score hot Black Friday deals on movies. Now the Amazon Black...

51 minutes ago

The Best iTunes Gift Card Deals to Buy on Black Friday save 25%

The Best iTunes Gift Card Deals to Buy on Black Friday save 25% It is Black Friday! Well, yesterday was Black Friday too. Check out what iTunes Gift Card deals you can buy today on...

1 hour ago

Black Friday in UK turns into Chaos and Mayhem

Black Friday in UK turns into Chaos and Mayhem Long queues of people were waiting outside the doors long before the doors opened. Most of the online retail websites...

1 hour ago

Roseanne Barr Deleted Selfie in which She Joked about tussling Cosby

Roseanne Barr Deleted Selfie in which She Joked about tussling Cosby Roseanne Barr posted a photo online that sparked an outrage among many sexually abused victims.

1 hour ago

Target sold 1,800 TVs per Minute at Black Friday 2014 Kick Off

Target sold 1,800 TVs per Minute at Black Friday 2014 Kick Off Target had a great Black Friday so far. The Target CEO revealed that the retailer sold 1,800 TVs per minute during the...

2 hours ago

Creed’s Singer Scott Stapp placed in a Psychiatric Ward

Creed’s Singer Scott Stapp placed in a Psychiatric Ward The singer was recently high on drugs and the police said that he was paranoid that ISIS were going to target him.

2 hours ago

$399 Sony PS4 Black Friday Bundle Saves over $100

$399 Sony PS4 Black Friday Bundle Saves over $100 The Amazon Black Friday 2014 Sale has launched on Friday 11/21. The Amazon Black Friday 2014 Sale starts earlier than...

3 hours ago

Steve Jobs Biopic: Some Facts at a Glance

Steve Jobs Biopic: Some Facts at a Glance The production is going to be hiring Michael to play Steve and reports suggest that Natalie Portman is also in talks...

3 hours ago

Target Black Friday Gift Card Sale starts 6am CT

Target Black Friday Gift Card Sale starts 6am CT The red hot Target Black Friday GiftCard sale starts now online and in stores. You save 10% on Target gift cards. Sale...

3 hours ago

Target Cyber Monday 2014 Deals revealed

Target Cyber Monday 2014 Deals revealed The Target Cyber Monday 2014 sale will start on Sunday, Nov. 30. We got the scoop of the Target Cyber Monday deals that...

4 hours ago

iOS Users to get CarPlay without an External Display

iOS Users to get CarPlay without an External Display Adam Bell is working on a project that will help the iOS users to get iOS features in a car’s entertainment system.

4 hours ago

Black Friday: The Story behind an Economic Tradition

Black Friday: The Story behind an Economic Tradition The story behind an economic tradition such as Black Friday is indeed an interesting one.

4 hours ago

$69 Fitbit Flex sells now in Walmart Black Friday Sale Online

$69 Fitbit Flex sells now in Walmart Black Friday Sale Online The Walmart Black Friday 2014 Sale continuous on the actual Black Friday. Get the hot Walmart Black Friday 2014 deals...

4 hours ago

Walmart Black Friday Deals to Buy on Black Friday

Walmart Black Friday Deals to Buy on Black Friday The Walmart Black Friday 2014 Sale continuous on the actual Black Friday. Get the hot Walmart Black Friday 2014 deals...

4 hours ago

$159.99 Toshiba C55-B Laptop is on Sale Today Office Depot OfficeMax Black Friday Sale

$159.99 Toshiba C55-B Laptop is on Sale Today Office Depot OfficeMax Black Friday Sale The Office Depot and OfficeMax Black Friday 2014 sale offers a bargain Windows laptop in stores.

5 hours ago

Kim Dotcom is a Poor Man Now

Kim Dotcom is a Poor Man Now Internet Party founder Kim Dotcom said that he did not have anymore money due to the legal battle he fought recently.

5 hours ago

Demonstrators Protest at Black Friday Sales in Ferguson

Demonstrators Protest at Black Friday Sales in Ferguson Demonstrators against the release from custody of the white cop who killed a Black teenager recently protested at Black...

5 hours ago

Don't Miss the Kindle and Kindle Fire HD Amazon Black Friday Deals

$49 Kindle and $79 Kindle Fire HD 6 Black Friday Deals continue on Black Friday The big Amazon Kindle Black Friday sale has started on Thanksgiving Day. $49 Kindle, $99 Kindle Paperwhite, $79 Fire...

5 hours ago

iPad mini with Free $80 Gift Card sells Online in Target Black Friday Sale

iPad mini with Free $80 Gift Card sells Online in Target Black Friday Sale The best iPad mini Black Friday 2014 deal is still available today on the actual Black Friday.

6 hours ago

Comments

blog comments powered by Disqus