Market Chatter: FTC Gives Samsung Electronics Approval for Rainbow Robotics Acquisition

MT Newswires Live

03/06

South Korean antitrust regulator, the Fair Trade Commission (FTC), approved Samsung Electronics' (KRX:005930) acquisition of Rainbow Robotics (KOSDAQ:277810), citing minimal monopoly concerns, Yonhap News reported Wednesday.

Samsung, which already holds a 35% stake in Rainbow Robotics, is expanding into humanoid robotics as part of its diversification strategy, the report said.

Rainbow Robotics was established by Korea Advanced Institute of Science & Technology researchers in 2011, it said.

Shares of Rainbow Robotics plunged nearly 6% in recent trade on Thursday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FTC","symbol_name":"First Trust Large Cap Growth Opp","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2517690337","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2517690337","pubTimestamp":1741228684,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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