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.
