Friday 19 January
Powered by Ajaxy
Nov 15, 2016 @ 12:02

Samsung to Buy Harman for $8 Billion in Bold Autos Gambit


Samsung Electronics Co. is spending $8 billion to buy its way into a burgeoning market for automotive technology alongside Apple Inc. and Google as the smartphone business wanes.

The South Korean company is making its largest-ever overseas acquisition with an offer for Harman International Industries Inc., angling to become the go-to supplier of everything from in-car entertainment to connected-auto services. It comes days after Samsung Group heir-apparent Jay Y. Lee formally ascended to the board of the electronics firm, a move that may shore up his influence over the family-run conglomerate’s prized asset.


Related Stories
Italy's antitrust authority said Thursday it had launched a probe into tech giants Apple and
Two French campaign groups filed a legal case against Samsung in France on Thursday over
Voice-commanded virtual assistants packed into speakers and other devices will be a "game-changing" trend this
Toshiba's president Tuesday apologized "sincerely" over the $18-billion sale of its prized memory chip business,

Read full Article here »

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo -