Samsung Electronics becomes largest shareholder of South Korea's Rainbow Robotics (updated)

Rainbow Robotics

30/12/2024 23:03

(Adds new Future Robotics Office, paragraph 3)
       SEOUL, Dec 31 (Reuters) - Samsung Electronics
 005930.KS  became the largest shareholder of South Korea's
Rainbow Robotics  277810.KQ , the robotics company said in a
regulatory filing on Tuesday. 
    Samsung, which had previously invested in the robotics
company, newly took a 267 billion won ($181 million) stake, the
filing said. 
    With the acquisition, Samsung is also establishing a Future
Robotics Office reporting directly to the CEO, the tech giant
said in a separate statement. 
    

 (Reporting by Joyce Lee; Editing by Chris Reese)
 ((joyce.lee@tr.com;))