Around the Net

Samsung Buys SmartThings For $200 Million

  • Re/code, Monday, August 18, 2014 9:30 AM

Samsung has bought SmartThings, a startup that makes smart-home controllers. While the companies did not disclose the price, sources said Samsung paid about $200 million. Samsung said the company will operate independently, though most operations will be moved to Palo Alto, Calif., to become part of Samsung’s Open Innovation Center (OIC) there.

Read the whole story at Re/code »

Next story loading loading..