Samsung talks to BlackBerry about $7.5 billion buyout - source

With a takeover of Blackberry, Samsung could make greater inroads into the corporate market

Reuters

NEW YORK (Reuters) - Samsung Electronics recently offered to buy BlackBerry Ltd for as much as $7.5 billion, seeking its valuable patents as it battles Apple in the corporate market, according to a person familiar with the matter and documents seen by Reuters.

South Korea's Samsung proposed an initial price range of $13.35 to $15.49 per share, representing a premium of 38 percent to 60 percent over BlackBerry's current trading price, the source said on Wednesday.

Samsung Electronics exits fibre optics amid sharper focus on reviving smartphones

Second exit from a business line this quarter, expecting lowest annual profit in three years

Reuters

SEOUL (Reuters) - Samsung Electronics Co Ltd agreed to sell its fibre optics operations to U.S. specialty glass maker Corning Inc, exiting another non-core business to focus on shoring up underperforming key areas like smartphones.

Terms of the sale, including plants in China and South Korea, weren't disclosed. Announced by both parties on Tuesday, the South Korean firm's second exit from a business line this quarter comes as it braces for its lowest annual profit in three years, squeezed by stiff competition.

South Korea's Daum, Kakao shareholders approve merger

Combined entity will be called Daum Kakao, pending shareholder approval

Reuters

SEOUL (Reuters) - Shareholders of South Korean internet portal operator Daum Communications Corp and messaging app company Kakao Corp on Wednesday approved a merger of the two firms in an all-stock deal that values Kakao at more than $3 billion.

Kakao's KakaoTalk is the undisputed chat leader in South Korea, but its global user base is far smaller than the likes of Facebook Inc's WhatsApp or Naver Corp's Line.

The merger with Daum, South Korea's No. 2 internet search company, will give Kakao new lines of revenue and boost its resources for overseas expansion.

Xiaomi's star rises as Chinese handset makers gnaw at Samsung's share: report

Three out of the world's top 5 smartphone sellers were Chinese manufacturers in the second quarter, Strategic Analytics said

Reuters

BEIJING (Reuters) - Xiaomi Inc, the three-year old company known as the Apple of China, has become the world's No.5 smartphone maker by market share while Samsung Electronics Co Ltd's lead has continued to shrink, a report by Strategy Analytics shows.

Three out of the world's top 5 smartphone sellers were Chinese manufacturers in the second quarter, Strategic Analytics said, as China's low-cost offerings on the Android operating system whittle away Samsung's market share.

EU to team up with South Korea in global 5G race

South Korea has one of the fastest mobile broadband networks, and is home to Samsung

Reuters

BRUSSELS (Reuters) - The European Union is teaming up with South Korea to jointly research the next generation of mobile broadband technology, hoping the Asian country's expertise will help it catch up in a field crucial for economic growth and jobs.
 
South Korea has one of the fastest mobile broadband networks and is home to Samsung, the world's biggest smartphone maker.

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