Friday, 13 November, 2026
Cooling the AI Boom: Samsung Eyes $5.6 Billion Modine Takeover
By TechShots Studio
Samsung Electronics is in talks to acquire US-listed data center cooling firm Modine Manufacturing, Bloomberg News reported. A potential deal could materialize within weeks, though negotiations remain ongoing and could still fall apart. Following the report, shares of Modine—valued at roughly $5.6 billion—surged nearly 29% in extended trading as Samsung looks to capitalize on soaring AI infrastructure demand.
Read full story at REUTERS