Today, South Korean mobile phone maker Samsung Electronics officially confirmed plans to buy a 10 percent stake in Pantech, the third largest phone maker in the country.
The deal is said to have been valued at around 53 billion won (US$47.6 million), and is expected to result in a tightened collaboration between the two companies in smartphone design and other areas.
The deal will also allow Samsung to become the third largest stake holder in Pantech, after Qualcomm... (read more)
