Samsung Buys SmartThings For $200 Million

Samsung Buys SmartThings For $200 Million
(Palo Alto, CA) -- Samsung is buying SmartThings for 200-million dollars. SmartThings focuses on connecting lights, locks and other home devices to mobile applications. The company has 55 employees in Minnesota, San Francisco and Washington D.C. Most of them will be relocating to work at Samsung's Open Innovation Center in Palo Alto, California.