If you thought for a second that Google was out of the hardware business, then think again. In what came out of nowhere, Bloomberg is reporting that Google just made a deal to buy Samsung Electronics for $200 billion in cash and stock. We aren't talking just the mobile division folks, we are talking the whole shabang, including TVs, appliances, display panels, and semiconductors.
We found it hard to believe that Google would buy Motorola and turn around and sell it to Lenovo pretty quickly, but I think it's clear that Motorola was too limited. Motorola only dealt with the mobile side, but in order for Google to bring Android to the next level, TVs and appliances need to be in the mix as well. Owning both companies at the same time would certainly be an antitrust issue.
A press conference is scheduled for later today (at 4:20pm PST), so we can only speculate. Google's recent of acquisition of Nest proved that Google wants to build the home automation category, but this deal with Samsung solidifies it. Now Google will have control of the living room, the kitchen, and mobile, not too mention hardware (display panels and semiconductors) that other competitors like Apple purchase.
I am really wondering what Google will do with the mobile side of things. Can we expect TouchWiz to get dumped in favor of a stock Android experience? Will Tizen-based wearables go bye bye? Now before everyone says that the FCC and various other international government agencies won't approve this deal, tell me this isn't enough of a reason for them to approve it.
Stay tuned for more info later today when both Samsung and Google will hold a joint press conference announcing their intentions. It will, of course, be a Google+ Hangout, and the time is at 4:20pm PST, so mark it down. It will also be repeated at 4:20pm for each and every time zone in the world.
source: Bloomberg
This is ridiculous and it doesn’t make sense since Samsung has 200 billion dollars in cash
this means net asset will be at least more than 200 billion dollars. who’s gonna sell company
with their cash holding value ?hahahah
I think so that they have done correct to bouht a samsung when we buy mobìle from samsung this company doesnt update the that is why it is correct that Google have bought samsung at least they will update the software and they will convert into kitkat for those mobile who are jelly beans.
I wouldn’t mind then buying Sony. Some Sony nexus phones would look sweet.
Lol April fools
woo hoo Android Home powered by Google and built by Samsung.
4:20 — “April Fools!”
Nice dream GOOGLE you would need TRILLIONS OF DOLLARS NOT BILLION. Another sad April Fools joke Samsung would NEVER GIVE GOOGLE anything like this.
Plus they already have a 10yr partnership they don’t need anything else together that’s for sure.
Samsung is not worth a Trillion.
Samsung is worth just over $186 billion so the 200 billion is doable but not probable.
samsung electronics market cap is 180b … google is 350b or so … google could almost buy two samsung’s … typical yarrell and his fantasy land
FYI: april fools’ dummy … but i didnt have to tell you that, you knew you were a dummy already
It might be an April fools joke for now, sure the vision is there to create this reality. Ultimate control of the whole value chain.
Sigh. I hate April Fools’ Day. May as well just “Mark As Read” all of Feedly.
Haha, I see what you did. JOINT press conference at 420 – clever!
If its a april fools, it works pretty good as Google stock is up 2% and still growing!
I realize this is a joke, but… It should really happen.
Not bad idea for April Fools…
pig and flying spring to mind
With sufficient thrust, pigs fly just fine.
very funny