Samsung looking to buy something

The mobile giant is looking to follow in the footsteps of Google, Apple, and Microsoft by getting into the acquisition game.

Samsung Electronics Co. 005930.SE -0.42% is stepping up its hunt for acquisitions and building out its presence in Silicon Valley to try and overcome its key weakness: software.

The South Korea-based company became the world’s largest maker of smartphones by manufacturing attractive devices that hit the market quickly and cheaply.