Samsung Buys A 5% Stake In Wacom For $58.9 Million
Samsung Electronics has bought a 5% stake in stylus and design tablet company Wacom for $58.9 million. Wacom is especially known for manufacturing digital drawing tablets and their technology is used in the Galaxy Note and Galaxy Note II. The investment is likely to be very strategic since Samsung believes strongly in styluses’. The Galaxy S IV is rumored to be getting an S-Pen also and should be built into future Samsung “Note” devices. Following this investment, Wacom is expected to get more business from Samsung.