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Samsung eyes two Israeli startups

“The Wall Street Journal” reported that Samsung is eyeing Israeli and Rounds.


After losing out on Waze to Google, and after acquiring Israeli Boxee for a sum believed to be about $30 million in July,  Samsung Electronics Co. Ltd. (KSX: 5930; LSE: SMSN), has shifted its focus to other platforms and technologies to help keep them ahead of the competition.”The Wall Street Journal” says that Samsung is stepping up its hunt for acquisitions and building out its presence in Silicon Valley to try and overcome its key weakness – software – and is aiming to become a software power in its own right.-


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Among the companies listed as having caught their eye are  the Israeli mobile search engine developer as a possible target and video-chat app The newspaper says that an acquisition of Rounds would help Samsung compete with Apple’s FaceTime and Google’s Hangouts.





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