
Samsung has acquired Harman International Industries for US$8 Billion in cash. Harman gets about 65 percent of its sales from the automotive sector, Samsung said.
“Harman perfectly complements Samsung in terms of technologies, products and solutions, and joining forces is a natural extension of the automotive strategy we have been pursuing for some time,” Vice Chairman Kwon Oh-hyun said in the statement. “Harman immediately establishes a strong foundation for Samsung to grow our automotive platform.”
The moves makes Samsung a major player in the world of automotive technology with brands...
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