Shareholders back Samsung's key $8 billion merger plan in close vote

Last Updated: Friday, July 17, 2015, 10:25

Samsung C&T Corp shareholders on Friday approved an $8 billion takeover offer from sister firm Cheil Industries Inc.

Samsung eyes bigger play in 4G market, to launch more LTE phones

Last Updated: Thursday, July 16, 2015, 17:54

The company on Thursday announced two 4G-enabled smartphones -- Galaxy J5 and Galaxy J7 -- priced at Rs 11,999 and Rs 14,999, respectively.

Vote pits Samsung family against foreign, Korean investors

Last Updated: Thursday, July 16, 2015, 17:34

The business empire's ailing patriarch Lee Kun-hee has been hospitalised since May last year and his son Lee Jae-yong is assuming a bigger leadership role but lacks a significant stake in flagship company Samsung Electronics.

Samsung launches Galaxy J5, Galaxy J7; up for pre-booking on Flipkart

Last Updated: Thursday, July 16, 2015, 14:32

The Galaxy J5 and Galaxy J7 have been priced at Rs 11,999 and Rs 14,999 respectively.

Samsung unveils A8, its slimmest smartphone

Last Updated: Thursday, July 16, 2015, 13:11

Available in China, the Galaxy A8 sports an all-metal body which has a 5.7-inch 1,920x1,080-pixel OLED screen.

Samsung launches charm offensive as proxy vote looms in $8 billion merger battle

Last Updated: Monday, July 13, 2015, 15:46

With four days to go in a landmark proxy battle, a Samsung firm is going all out to coax a legion of undeclared investors into backing an $8 billion merger with a sister company that is key to the future of the country`s biggest family-run conglomerate.

South Korea pension fund to vote for Samsung merger: Report

Last Updated: Saturday, July 11, 2015, 11:26

South Korea`s NPS has decided to vote its shares in favour of an $8 billion all-stock takeover offer from sister firm Cheil Industries Inc.

Samsung to bring forward launch of new Galaxy Note phablet

Last Updated: Friday, July 10, 2015, 16:25

Samsung Electronics Co is bringing forward the launch of a key premium smartphone model, a person familiar with the matter told Reuters on Friday, as the South Korean tech giant seeks to revive sales after a sluggish second quarter.

Samsung Elec to bring forward key smartphone launch: Source

Last Updated: Friday, July 10, 2015, 15:47

Samsung Electronics Co is bringing forward the launch of a key premium smartphone model, a person familiar with the matter told Reuters on Friday, as the South Korean tech giant seeks to revive sales after a sluggish second quarter.

Samsung Electronics flags 4.2% drop in Q2 profit

Last Updated: Tuesday, July 7, 2015, 08:28

In an earnings estimate, the giant South Korean smartphone and memory-chip maker predicted operating profit of around 6.9 trillion won ($6.1 billion) for the April-June period, down 4.2 percent from a year earlier.

South Korea court ruling keeps $8 bn Samsung merger bid on track

Last Updated: Wednesday, July 1, 2015, 12:50

A court on Wednesday rejected a U.S. hedge fund`s bid to block a shareholder vote on the planned $8 billion merger of two Samsung Group companies seen as a key step in the leadership succession at South Korea`s biggest family-run conglomerate.

Samsung's Cheil, pitching $8 bn merger, pledges higher returns

Last Updated: Tuesday, June 30, 2015, 13:04

Locked in a battle with an activist US hedge fund, the Samsung Group`s de facto holding company sought to win support for a proposed $8 billion merger with a sister firm by pledging to bolster post-deal shareholder returns.