Samsung buys software company for mobile content

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Samsung buys software company for mobile content

Samsung Electronics bought mSpot, a provider of web-based music and video content, as Asia’s largest electronics maker adds applications for mobile devices.

Services provided by mSpot that let users access music and video using so-called cloud computing technology will be a “key integrated offering” on new Samsung mobile devices, the companies said in a statement on Wednesday. Terms, including the value of the acquisition, weren’t disclosed.

The purchase is Samsung’s first of a software maker, Nam Ki-yung, a company spokesman, said.

Samsung, which topped Apple in smartphone shipments in the first quarter, is seeking to reduce its reliance on external software makers and bolster its offerings to compete with applications accessible on the iPhone and iPad.

Bloomberg

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