Samsung Electronics announced today that it has sold stakes in several companies to raise money. An anonymous Samsung spokesman says that the company raised $891 million with the sales. Yesterday, the first lawsuit related to an exploding Samsung Galaxy Note 7 was filed. And while we’re sure that the manufacturer carries insurance, it doesn’t hurt to be as liquid as possible with such a large number of lawsuits expected to be filed.
The stakes that Samsung sold include a 4.5% holding in semiconductor firm Rambus, 4.2% of data storage company Seagate Technology, and a .7% ownership of electronics … – Source
Samsung Electronics raises close to $900 million by selling stakes in several firms
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