Samsung pays $181M to become largest shareholder of Rainbow Robotics | TechCrunch

Image for article Samsung pays $181M to become largest shareholder of Rainbow Robotics | TechCrunch
News Source : TechCrunch

News Summary

  • Samsung Electronics said on Tuesday that it has become the largest shareholder of South Korea-based robotics maker Rainbow Robotics
  • The electronics giant paid KRW 86
  • 8 billion (about $59 billion) for the 14
  • 7% stake in 2023
  • Samsung said it is acquiring the stake to bolster its robotics department and speed up development of humanoid robots
Samsung Electronics said on Tuesday that it has become the largest shareholder of South Koreabased robotics maker Rainbow Robotics, increasing its stake from 14.7% to 35% for KRW 267 billion (about [+1646 chars]

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