Samsung Electronics Buys Cloud Service Firm Joyent For $170 Million

Seoul: South Korea's Samsung Electronics Co Ltd, the world's biggest smartphone maker, said on Monday it bought US cloud services firm Joyent Inc in June for 185.3 billion won ($170 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.

($1 = 1,091.5000 won)

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