Samsung buys 5 percent stake in Wacom for $58.7 million

Wacom, makers of stylus and digitizers for Samsung’s Galaxy Note range have confirmed an investment by the Korean company. Samsung Asia, a subsidiary of the Samsung Electronics will buy a 5 percent stake in the company which translates to roughly $58.7 million. The transaction, Wacom says, will allow Samsung to ensure “stable and timely access to Wacom’s proprietary digital pen technology.”

Needless to say, this strategic partnership means expect more S Pen-enabled products in the future from Samsung.

Source|Via