Wednesday, May 22, 2013

Samsung buys 10% Pantech stake



Samsung Buys 10% of Pantech for $48 Million

Samsung Electronics today buys about 10% of the shares of a competing manufacturer of mobile phones and smartphones Pantech.

South Korea's Pantech is the third largest after Samsung and LG. According to analysts, the transaction value is about 53 billion Korean won, or $ 48 million. In a joint statement, the parties said the deal will help strengthen bilateral cooperation in the field of smart phones and other lines of business.

With today's purchase securities Pantech, Samsung has become the third largest shareholder in the company after the American Qualcomm and Korean State Development Bank of Korea. The latter two own stakes in 11.96% and 11.81% stake in Pantech. As explained in the Samsung, their company has links with Pantech in semiconductor manufacturing and display industry.

Saturday, May 04, 2013

Investor Warren Buffett launched a blog on Twitter

The legendary American investor Warren Buffett opened his microblog at Twitter.

Until now, Buffett has been known in the corporate environment as one of the most distant from the information technology investors and economists. Meanwhile, he discovered the blog Sage of Omaha could become one of the most widely read.

Now users to actively "Follows" Buffett. Only in the last three hours about 10 000 people have signed up for his blog. Now the total number of followers exceeds blog Buffett's 233,000 members, although only two blog posts, one of which - is "Warren is in the house".

The world's largest Bitcoin exchange, Mt. Gox, was sued by CoinLab

In February of this year, the world's largest virtual currency exchanger Mt.Gox, based in Japan, entered into an agreement with the American company CoinLab, under which CoinLab Bitsoin becomes the operator of all transactions conducted on Mt.Gox users from the United States and Canada.

Initially stated that CoinLab has partnered with a group of American banks, which could contribute to the output of the virtual currency Bitcoin offline.

But now the partnership seems to have collapsed. CoinLab sued Mt.Gox, accusing the latter of not fulfilling the contractual terms that were reached in November last year. Signed a legal agreement called for the transfer of Bitcoin-North American operations under the management of CoinLab in March. However CoinLab say that this has not happened.