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Samsung Electronics says bought cloud service firm Joyent for US$170m

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South Korea's Samsung Electronics Co Ltd, the world's biggest smartphone maker, said it bought US cloud services firm Joyent Inc in June for 185.3 billion won (S$225 million).

[SEOUL] South Korea's Samsung Electronics Co Ltd, the world's biggest smartphone maker, said it bought US cloud services firm Joyent Inc in June for 185.3 billion won (S$225 million).

Samsung disclosed the acquisition price in a regulatory filing for its first-half business results. The tech giant announced the acquisition in June but did not disclose the financial terms at the time.

REUTERS

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