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Samsung to buy car tech firm Harman for $8 billion, South Korea’s biggest overseas deal
November 14, 2016 by creative · Leave a Comment
By Hyunjoo Jin and Miyoung Kim SEOUL (Reuters) – Samsung Electronics announced an $8 billion deal on Monday to buy Harman International Industries, marking a major push into the auto electronics market and the biggest overseas acquisition ever by a South Korean firm. The electronics giant previously shunned big acquisitions, and the latest deal underscores a strategic shift as the company tries to break into the high-barrier automotive industry where it has little…
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Samsung to buy car tech firm Harman for $8 billion, South Korea’s biggest overseas deal