It's not all that often we hear of Samsung acquiring other companies that's exactly what they've done with cloud content service provider mSpot. As noted in the press release, Samsung will be making use of mSpot's cloud services to bring such content as music, video and radio services to Samsung devices:
“mSpot shares our vision to bring a best-in class cloud and streaming entertainment experience to consumers, and they’ve backed it up with great technical solutions from a great engineering team,” said TJ Kang, Senior Vice President of Samsung Electronics’ Media Solution Center.
For now it seems as though Samsung bought into the company as a whole meaning, they now own the technology, assets and human resources that mSpot holds. Financial details of the matter have not as of yet been disclosed. You can read the full press release from Samsung Electronics below.