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

South Korea`s Samsung Electronics Co Ltd, the world`s biggest smartphone maker, said on Monday it bought U.S. cloud services firm Joyent Inc in June for 185.3 billion won ($170 million).

Reuters| Updated: Aug 16, 2016, 15:38 PM IST
Samsung Electronics says bought cloud service firm Joyent for $170 million

Seoul: South Korea`s Samsung Electronics Co Ltd, the world`s biggest smartphone maker, said on Monday it bought U.S. 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.