Samsung wants a Sound Business Portfolio

It seems that Samsung has taken the patent war to a different level, giving Apple-its staunchest competitor-a run for their money. Although Samsung is most popular for its mobile devices, it is actually composed of various firms and businesses. According to a Samsung insider, the company is currently not interested with expansion but would rather improve its portfolio by mergers and acquisitions, particularly of promising intellectual property and potentially groundbreaking technologies.

Furthermore, it has recently partnered with Google to solidify their merger and acquisition strategies. Samsung is truly a company to be reckoned with. With all of its subsidiaries doing well and their very liquid financial position, they are literally sitting on US $34 billion, which dwarfs the amount that they lost on a patent war against Apple. This represents the money that they can readily use to increase their research and development efforts and to buy even more companies that have very high potential in the future.

Source: KoreaTimes