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

Samsung Electronics said on Tuesday that it has become the largest shareholder of South Korea-based robotics maker Rainbow Robotics, increasing its stake from 14.7% to 35% for KRW 267 billion (about $181 billion). The electronics giant, which paid KRW 86.8 billion for the 14.7% stake in 2023, said it is acquiring the stake to bolster […] © 2024 TechCrunch. All rights reserved. For personal use only.

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

Samsung Electronics said on Tuesday that it has become the largest shareholder of South Korea-based robotics maker Rainbow Robotics, increasing its stake from 14.7% to 35% for KRW 267 billion (about $181 billion). The electronics giant, which paid KRW 86.8 billion for the 14.7% stake in 2023, said it is acquiring the stake to bolster […]