Samsung shifts into car tech to take on Apple and Google with massive $8 billion Harman purchase



Samsung Electronics has agreed to buy Harman International Industries in an $8 billion deal, marking a major push into the auto electronics market and the biggest overseas acquisition ever by a South Korean company.
The transaction highlights Samsung's efforts to break into the high-barrier automotive industry where it has little track record and also marks a strategic shift for the electronics company, which has previously shunned big acquisitions.
'An M&A deal this big is a first for us, and it shows that under Jay Y. Lee, the company is changing and open to new ways to grow,' a... read more

 
14 November 2016 in Science &Technology, Views: 58
Source: Daily Mail
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