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November 14, 2016 06:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/5zpnI_CRl00/samsung-to-acquire-connected-car-firm-harman-for-8-billion
Samsung To Acquire Connected Car Firm Harman For $8 Billion
An anonymous reader writes: Samsung has announced its plans to buy car tech company Harman International for $8 billion, marking the largest ever overseas deal by a South Korean firm. The electronics giant is to purchase the connected car systems company in a push to strengthen its efforts in emerging areas as its smartphone business slows. "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," said Samsung CEO Oh-Hyun Kwon. Samsung confirmed that it will acquire the Connecticut-based company for $112 per share in cash, representing a premium of 28% based on Harman's closing stock price on 11th November.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/5zpnI_CRl00/samsung-to-acquire-connected-car-firm-harman-for-8-billion
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