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Samsung Electronics says bought cloud service firm Joyent for $170 million

Samsung had announced the acquisition in June but did not disclose the financial terms at the time

One out of three smartphones shipped in India in Q3 are 4G enabled: IDC
Reuters Seoul
Last Updated : Aug 16 2016 | 3:32 PM IST
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.

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First Published: Aug 16 2016 | 2:03 PM IST

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