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Samsung to Use $39 Billion Cash for More Deals in Growth Chase

Samsung Electronics Co., holding $39 billion in net cash, will pursue more deals as Asia’s biggest technology company seeks to grow beyond its core consumer electronics amid fears those businesses are nearing saturation.

The maker of Galaxy smartphones will be more aggressive in making deals after spending about $1 billion investing in 14 companies since 2010, Chief Financial Officer Lee Sang Hoon told a briefing in Seoul today. The company also is considering setting its dividend at 1 percent of its average stock price, a move that could double its cash payout to investors.