Mergers and Acquistions News
Categories: Hardware
November 17th 2011, 14:51PM
Samsung Electronics is looking into the possibility of entering into a joint venture with one of its affiliate companies, it has been announced today (November 17th).
The Korean electronics giant has confirmed it may establish an agreement with Samsung Electro-Mechanics that would see the firm acquire its light-emitting diode (LED) business, Reuters reports.
At present, Samsung holds a stake of 24 per cent in the organisation and first formed a combined venture with it back in April 2009, which resulted in a significant upturn in its operating profit figures.
However, the company - which has a history dating back more than 70 years - is now apparently considering a full bid for the LED technology in order to rejuvenate its dwindling sales in the television market.
"We are considering a merger with Samsung LED, but nothing has been decided," it told the Korea Exchange today.
Yesterday, it was announced the organisation had tied up a deal to purchase healthcare technology firm Nexus.
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