Samsung has not participated in the mergers and acquisitions market for more than 7 years, despite having more than $60 billion in cash that it could use to buy new companies. Its absence from this space was also partly due to the legal troubles of heir Lee Jae-yong, who only recently returned to the top job free from all encumbrances.
Another key person who has played a major role in Samsung's previous acquisitions has returned to Samsung Electronics, as reports about the company finalizing some major acquisition deals pick up.
Ahn Joonghyun, who is the president and head of the Future Industry Research Division at Samsung Global Research, has returned to the Management Support Division of Samsung Electronics. This division guides the conglomerate's management strategy and is also responsible for its focus on mergers and acquisitions.
Joonghyun had led Samsung's major M&A deals for nearly a decade before moving to the conglomerate's think tank two years ago. He led nearly all of Samsung's major acquisitions, including the $6.7 billion acquisition of Harman International in 2017.
Reports suggest that Samsung is looking at potential acquisition targets in the artificial intelligence, technology, auto parts, and wireless communications segments as it views these industries as future drivers of growth. to fund these acquisitions and it has publicly admitted the .
Recent reports have suggested that Samsung is in the running to buy for more than $6 billion. The company is also said to be itnerested in buying the automotive electronics business of German autoparts company Continental AG.
The post appeared first on .
Another key person who has played a major role in Samsung's previous acquisitions has returned to Samsung Electronics, as reports about the company finalizing some major acquisition deals pick up.
Samsung's likely going on a big shopping spree
Ahn Joonghyun, who is the president and head of the Future Industry Research Division at Samsung Global Research, has returned to the Management Support Division of Samsung Electronics. This division guides the conglomerate's management strategy and is also responsible for its focus on mergers and acquisitions.
Joonghyun had led Samsung's major M&A deals for nearly a decade before moving to the conglomerate's think tank two years ago. He led nearly all of Samsung's major acquisitions, including the $6.7 billion acquisition of Harman International in 2017.
Reports suggest that Samsung is looking at potential acquisition targets in the artificial intelligence, technology, auto parts, and wireless communications segments as it views these industries as future drivers of growth. to fund these acquisitions and it has publicly admitted the .
Recent reports have suggested that Samsung is in the running to buy for more than $6 billion. The company is also said to be itnerested in buying the automotive electronics business of German autoparts company Continental AG.
The post appeared first on .