Wednesday 16 January
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.

Please follow and like us:


Related Stories
Samsung Electronics on Tuesday flagged its first quarterly profit drop in two years, painting a
Vietnam's largest private conglomerate Vingroup unveiled its first made-in-Vietnam mobile phones on Friday in the
Russian internet giant Yandex disappointed tech enthusiasts on Monday by failing to unveil what many
Switzerland said Thursday it had opened a probe into whether major financial institutions including UBS

Read full Article here »

Trending News

Recommended on sister sites

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.