M&A Deal Summary

Samsung Electronics Acquires Fluenty

On November 28, 2017, Samsung Electronics acquired internet software and services company Fluenty

Acquisition Highlights
  • This is Samsung Electronics’ 7th transaction in the Internet Software and Services sector.
  • This is Samsung Electronics’ 1st transaction in South Korea.

M&A Deal Summary

Date 2017-11-28
Target Fluenty
Sector Internet Software and Services
Buyer(s) Samsung Electronics
Deal Type Add-on Acquisition

Target

Fluenty

Seoul, South Korea
Fluenty, Inc. is a machine learning based chatbot to change the way people communicate. Fluenty, Inc. was founded in 2015 and is based in Seoul, South Korea.

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Buyer(S) 1

Buyer

Samsung Electronics

Suwon, South Korea

Category Company
Founded 1969
Sector Electronics
Employees106,074
Revenue 300.87T KRW (2024)
DESCRIPTION
Office on Samsung's corporate campus in Mountain View, California.
Office on Samsung's corporate campus in Mountain View, California.

Samsung Electronics is a manufacturer and marketer of a wide range of consumer electronics. Samsung Electronics produces mobile phones, televisions, computers as well as electronic components including batteries, chips, memory and hard drives. Samsung Electronics was founded in 1938 and is based in Suwon, South Korea.


DEAL STATS #
Overall 25 of 29
Sector: Internet Software and Services M&A 7 of 9
Type: Add-on Acquisition M&A Deals 23 of 27
Country: South Korea M&A 1 of 1
Year: 2017 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-12 Innoetics

Athens, Greece

Innoetics delves in developing character-heavy and expressive synthetic voices that can read aloud audiobooks, act in games, or even narrate fairy tales. According to TechCrunch, the technology by Innoetics is very advanced, so much so that it can “listen to a person speaking, train on what that person is saying, and then read out a piece of completely unrelated text in that same voice.”

Buy $43M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-07 Kngine

San Mateo, California, United States

Kngine, Inc. is an intelligent engine that understands, answers questions and perform actions. Kngine use to automate customer service, power voice interfaces and drive enterprise search. Kngine, Inc. was founded in 2008 and is based in San Mateo, California.

Buy -