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-   -   Samsung to purchase five percent share of Wacom for $58.2M (http://forums.macnn.com/113/tech-news/497698/samsung-purchase-five-percent-share-wacom/)

 
NewsPoster Jan 31, 2013 12:27 PM
Samsung to purchase five percent share of Wacom for $58.2M
<a href="http://macnn.com/rd/278357==http://www.samsung.com/" rel='nofollow'>Samsung</a> is buying a stake in Japanese digitizer and <a href="http://macnn.com/rd/278358==http://www.electronista.com/articles/12/06/19/sacrifices.workspace.multi.touch.capabilities/" rel='nofollow'>graphics tablet</a> firm <a href="http://macnn.com/rd/278359==http://www.wacom.com/" rel='nofollow'>Wacom</a>, effectively ensuring the use of the latter's technology in future Samsung mobile devices. The agreement sees the Korean electronics manufacturer take ownership of five percent of the company, in a deal that is valued at $58.2 million. <br />
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The purchase is a logical move for Samsung, considering the two companies have worked together in incorporating Wacom's technology into both the first- and second-generation of <a href="http://macnn.com/rd/278360==http://www.macnn.com/reviews/samsung-galaxy-note-ii-t-mobile.html" rel='nofollow'>Galaxy Note</a>, with the displays using the pressure-sensitive stylus. It has also been speculated that the <a href="http://macnn.com/rd/278361==http://www.electronista.com/articles/12/12/28/smartphone.rumored.to.merge.galaxy.s.galaxy.note.l ines/" rel='nofollow' target="_self" title="">Galaxy S IV</a>, expected to be announced in the near future, will have a Note-style stylus for input, as well as normal finger-based controls.

According to a document supplied <a href="http://macnn.com/rd/278362==http://wacom.jp/data/en_ir_news/130130_S_Release_E_final.pdf" rel='nofollow' target="_self" title="">by</a> Wacom, and picked up <a href="http://macnn.com/rd/278363==http://www.androidauthority.com/samsung-wacom-152619/" rel='nofollow' target="_self" title="">by</a> <em>Android Authority</em>, the deal consists of Samsung buying 20,996 common shares from Wacom at a cost of 255,510 yen ($2,810) per share on February 19. Wacom will be using the proceeds to "invest in product development and manufacturing," specifically for parts being used in Samsung products.
 
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