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LG buys Homey in a very Samsung SmartThings move

Third-party connectivity is coming to LG’s ThinQ ecosystem.

LG has acquired an 80 percent stake in Athom, a Dutch company best known for its Homey smart home platform. LG executive vice president Jung Ki-hyun refers to the Athom acquisition as “a cornerstone for our AI home business.” LG announced plans during CES in January to bring so-called “ Affectionate Intelligence ” to its ThinQ smart home platform — which Homey’s connection to appliances, sensors, and lighting may now play a part in. The value of the deal has not been officially disclosed, though The Korea Economic Daily reports that it’s estimated to be around 85 billion won ($61 million).

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