techradar/Why Samsung is moving into Automotive by acquiring Harman for $8billion

Why Samsung is moving into Automotive by acquiring Harman for $8billion

HarmanHarman Kardonautomotive systemsSamsung is all set to buy the Auto tech companyInternational Industries at a whopping $8billion.It is one of the biggest acquisitions till this date for the South Korean based smartphone industry, especially after the nemesis caused by its much popular smartphone, Galaxy Note 7.The company has made a huge strategic shift from smartphones to automotive sector.

Samsung's $8 Billion Deal With Harman Can Be Its Break Into The Automotive Industry

Samsung has announced its $8 billion deal with Harman International Industries.The tech company is looking to break into the automotive industry.(Ben Sutherland / Flickr)Samsung announced that it's going to buy Harman International Industries.

Automotive industry leader Harman acquired by Samsung

Automotive industry leader Harman acquired by SamsungMexico Star Wednesday 16th November, 2016• Harman and Samsung - Match made in heaven?• Automotive electronics to reach new heights with Harman and Samsung collaboration• Samsung all set to step into the automotive world by acquiring Harman InternationalSEOUL, South Korea - Harman International, leading U.S. automotive player has been acquired by Samsung, which will allow the South Korean electronics giants to step into the rapidly growing automobile industry for connected technologies.Samsung Electronics decided to acquire Harman International Industries for $8 billion, Harman CEO Dinesh Paliwal told Jim Cramer.