First internet bank?
I would love to know.
If you don’t, then maybe you should check out the Galaxy S5?
It was announced last month that Samsung would acquire US internet banking provider First Internet Bank for $1.7 billion in cash, or approximately $2.4 billion in today’s money.
The acquisition is expected to close in the third quarter of this year.
The announcement came two months after First Internet announced a deal with Verizon for $600 million in cash.
Verizon will also receive a $2 billion grant for First Internet from the Federal Communications Commission.
Verizon and First Internet have not disclosed financial terms of the transaction.
The acquisition is part of Samsung’s ongoing efforts to expand its online presence and services across the world.
Samsung has also acquired several new businesses, including a Chinese mobile phone operator, a Russian telecom company, and an Australian mobile phone company.