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Samsung reckons mSpot's nearly all assets -- ranging from technologies, physical assets to labor forces -- are worthwhile to invest in and -- the mobile technology leader expects this M&A will help expand its multimedia content lineup of which competitive edges are increasingly important in the mobile entertainment market around the globe.
Seoul, KOREA ¶ May 09, 2012 --In a bid to shore up its mobile entertainment businesses, Samsung Electronics is to take over mSpot, Inc, a cloud contents service provider in US. Samsung is reportedly to have paid about 10 billion won for acquiring mSpot, according to a Korean local newspaper report on Monday.
Samsung reckons mSpot's nearly all assets -- ranging from technologies, physical assets to labor forces -- are worthwhile to invest in and -- the mobile technology leader expects this M&A will help expand its multimedia content lineup of which competitive edges are increasingly important in the mobile entertainment market around the globe.
MSpot, a California-based content provider, specializes in providing cloud-based content services, including music and movies, and it currently caters for about 30 mobile devices developed by Samsung, Apple Inc. and Research In Motion Inc.
Sam Kim (press@whowired.com)
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