MEKAWIRE
News

Wire

Every funding round, launch and paper, as it's reported.

22 stories
Dec 31, 2024
M&AKR

Samsung takes 35% of Rainbow Robotics for 267.5 billion won and puts a humanoid office under its CEO

Samsung Electronics exercised a call option on 31 December 2024 to raise its Rainbow Robotics stake from 14.71% to 35.00%, buying 3,935,814 shares from the founding group for 267,462,550,960 won. It also created a Future Robotics Office reporting to the chief executive, led by Rainbow co-founder Oh Jun-ho, and closed the share purchase on 12 March 2025.

Dec 10, 2024
M&AKR

Doosan scraps plan to put Bobcat under Doosan Robotics as share slump inflates buyback risk

Doosan Robotics and Doosan Enerbility terminated on 10 December 2024 the split-merger that would have made Doosan Bobcat a subsidiary of the cobot maker, two days before shareholder votes. The companies said a sharp fall in their share prices had widened the gap with appraisal prices and made closing uncertain. The move ended a five-month restructuring that had already lost its Bobcat share swap in August.