Market Chatter: Samsung Electronics Seeks FTC Review for Rainbow Robotics Merger

MT Newswires Live

Jan 16, 2025

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%.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FTC","symbol_name":"First Trust Large Cap Growth Opp","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2503987488","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503987488","pubTimestamp":1736997915,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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