Samsung mulls buying Israeli start-ups - report
"The Wall Street Journal" reported that Samsung is eyeing Everything.me and Rounds.
"The Wall Street Journal" says that Samsung is stepping up its hunt for acquisitions and building out its presence in Silicon Valley to try and overcome its key weakness - software - and is aiming to become a software power in its own right.
"The Wall Street Journal" says, "Earlier this year, Samsung was among the bidders for Israeli mobile-mapping service Waze Ltd., according to people familiar with the matter. Google eventually bought Waze for about $1.1 billion in July, a deal that is under review by the Federal Trade Commission. According to one person, Samsung had approached Waze in hopes of making a large investment and forming a partnership, before acquisition talks kicked off."
Published by Globes [online], Israel business news - www.globes-online.com - on October 10, 2013
© Copyright of Globes Publisher Itonut (1983) Ltd. 2013
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