16 Jul 2014

Samsung Reportedly In Talks To Buy SmartThings

By Kaylene Hong at TNW:   

This year has been the battle of smart homes among big internet firms. Google bought Nest for $3.2 billion, while Apple announced Homekit at its WWDC conference in June, an SDK that aggregates third party Internet of Things apps into one place.

Now Samsung is also planning to enter the battle, as TechCrunch reports that the Korean company is in talks to buy home automation firm SmartThings for around $200 million. SmartThings lets users set up their home devices to be controlled via a mobile app, and has already raised $15 million from investors including Greylock Partners.

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