Samsung buys SmartThings in preemptive HomeKit strike - SlashGear

Another successful Kickstarter case study ("... sources said ... about $200 million")

"However Samsung's goal is likely to be preemptively shoring up its home automation strengths ahead of Apple's HomeKit launch, the Cupertino company's own smart home platform which is expected to arrive alongside iOS 8.

In an ideal world, SmartThings will get a bigger budget, broader footprint in appliances and gadgets, and be better able to react to other automation platforms. Only time will tell if that's actually the way the acquisition goes, however."

Samsung buys SmartThings in preemptive HomeKit strike - SlashGear