Samsung Electronics (KRX:005930) sought a merger review from the Korea Fair Trade Commission after its stake in Rainbow Robotics (KOSDAQ:277810) exceeded 15%, Pulse News reported.
The company increased its stake to 35% in December 2024 through a call option, becoming the largest shareholder with a cumulative investment of 350 billion won.
If Samsung exercises its remaining call option, its stake could reach 60%, aligning with its strategy to bolster its robotics capabilities, particularly in humanoid robots, the report said.
If approved, the merger will give the tech giant control over Rainbow Robotics, which may be rebranded as Samsung Robotics.
Shares of Samsung Electronics rose nearly 2% in recent trade on Thursday, while those of Rainbow Robotics increased over 4%.
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