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Tuesday, Oct 8
Samsung eyes acquisitions to boost software capabilities
- Samsung (SSNLF.PK) has put together a list of start-ups and other small companies it might be interested in buying, and it's bolstering its presence in Silicon Valley, as it looks to boost its software capabilities.
- The South Korean company has allocated $1.1B for early stage and venture capital investments in the U.S. as well.
- The companies Samsung has been interested in include gaming pioneer Atari, while it also reportedly bid for Waze before Google bought the mobile-mapping company.
- However, Samsung's disastrous $840M purchase of computer maker AST Research in the mid-1990s hangs like a shadow over the firm's approach.