Samsung is reportedly responding to Google's (GOOG 2.30%) (GOOGL 2.70%) Nest and Apple's (AAPL 0.04%) HomeKit by investing in its own home-automation division. Multiple reports have Samsung closing in on buying SmartThings, which allows you to connect devices in your home -- from thermostats to lights -- to your mobile phone in a centralized app. The deal is said to be around $200 million dollars, though it's not yet official.
In the This Week in Tech video below, The Motley Fool's general manager and senior tech analyst, Eric Bleeker, and tech bureau chief, Max Macaluso, talk about Samsung's latest foray into the Internet of Things and how it might do against products from Google and Apple.
