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Samsung buys 10 percent stake in Pantech for $48 million

Samsung has inked a deal with fellow Korean phone maker Pantech for an equity stake in the company. In a statement on Wednesday, Samsung confirmed an earlier report from Yonhap News, saying that it has acquired a 10 percent stake in Pantech for $48 million. The company said that the investment is designed solely to enhance the relationship between the …

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Samsung touts 10M sales figure for Galaxy S4

Samsung says it has sold more than 10 million Galaxy S4 smartphones to retailers and wireless operators less than a month after the handset’s debut, making it the company’s fastest selling smartphone to date. In a press release Wednesday, the company noted that the GS4’s predecessor, the Galaxy S3, hit the 10 million mark in terms of global channel sales …

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