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Samsung Buys SmartThings for $200 M

Samsung has bought SmartThings, the startup that makes smart-home controllers. While the companies did not disclose the price, sources said the South Korean consumer electronics giant paid about $200 million. SmartThings will continue to be run by CEO and founder Alex Hawkinson and operate independently, http://recode.net/2014/08/14/internet-of-bling-samsung-buys-smartthings-for-200-million/ #tech

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