A Seoul appeals court on Monday upheld the acquittal of Samsung Electronics Executive Chairman Jay Y. Lee in accounting fraud and stock manipulation in a case related to a controversial 2015 merger of two Samsung affiliates, Cheil Industries and Samsung C&T. The Seoul High Court dismissed the prosecution’s appeal in the case involving Lee, who…
Category: Samsung Electronics
Global IT News, Global Security News, humanoid robot, Mergers and Acquisitions, robotics, Samsung Electronics
Samsung pays $181M to become largest shareholder of Rainbow Robotics
Samsung Electronics said on Tuesday that it has become the largest shareholder of South Korea-based robotics maker Rainbow Robotics, increasing its stake from 14.7% to 35% for KRW 267 billion (about $181 billion). The electronics giant, which paid KRW 86.8 billion for the 14.7% stake in 2023, said it is acquiring the stake to bolster…