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Samsung buys SmartThings

Samsung buys SmartThings in a quest to manage all of your connected devices -The South Korean giant announced the news today but didn’t disclose terms. Re/code, citing anonymous sources, pegged the deal at around $200 million. Today’s deal could have big implications in the growing Internet of things world, at least judging by the stated plans in the press release on the deal: http://venturebeat.com/2014/08/14/samsung-buys-smartthings/ #tech

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