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Samsung to buy software firm Joyent to grow cloud computing services

Fri, Jun 17, 2016 - 5:50 AM

Samsung vice-chairman Mr Lee is trying to reduce the company's focus on manufacturing.

Seoul

SAMSUNG Electronics Co will acquire Joyent Inc to expand in cloud computing as the world's largest smartphone maker looks beyond hardware for revenue growth.

The deal will help Samsung build its cloud infrastructure, the Galaxy maker said in a statement without disclosing a...

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