Samsung Plans To Finally Purchase Rival Apple; Cost $180B

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SILICON VALLEY, California –

Samsung, the leading manufacturer for smartphones in the U.S., has reportedly placed a bid to purchase Apple, Inc., their main competitor in the tablet and cell phone market.

“It is true we’ve discussed buy-out options with Apple board members and some major shareholders,” said Boo-Keun Yoon, CEO of Samsung. “At this time, the talks are just that, and no actual considerations have been made.”

Samsung and Apple have had a tense relationship over the years, as each company has taken the other to court over numerous patent infringements. At the same time, Samsung had, until recently, been making many of the internal components for some of Apple’s biggest product lines, including hard drives for the Apple Macbooks, and screens and other internal hardware in iPads and iPods.

Tim Cook, CEO of Apple, says that a buy-out from their main competitor could be a major boost to the company.

“Financially speaking, we don’t need their money,” said Cook. “But from a design and innovation standpoint, any influx of ideas would be great for us. Since we stole the idea for the tablet and created the iPad all those years ago, we’ve yet to introduce anything of major substance. Our product lines are stagnant, and there hasn’t been a significant design change to our flagship product, the iPhone, for years. Samsung’s design team would be a big help in innovating our product lines.”

Samsung products, which run almost exclusively on the Android operating system, have recently surpassed sales of the Apple iPhone, making them the number-one smartphone manufacturer in the world.

“With our great lineup of tablets and phones, which can be purchased at a fraction of the cost of the iPhone, we have no idea why anyone would continue to choose Apple. Apparently, the market finally agrees with us,” said Yoon. “Yes, if you want a computer, the Apple lineup is the only way to go. But when it comes to phones and tablets, our products can do everything that the Apple products can – but faster, better, and with more customization and app options. If we are able to purchase Apple, and that’s a big if at this point, then we will use our knowledge of the marketplace, and explain to them what people really want out of their devices.”

The proposed buyout would cost Samsung a reported $180 billion dollars in cash and stock options.

 

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