Samsung eyes acquisitions to boost software capabilities

|About: Samsung Electronics Co., ... (SSNLF)|By:, SA News Editor

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.