Samsung buys US auto parts supplier Harman for US$8b
SEOUL: Samsung Electronics said Monday (Nov 14) it would buy US auto parts maker Harman for US$8 billion in a bid to enter the growing market for automotive technology to produce "connected" cars.
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| FILE PHOTO - A man walks behind a logo of Samsung Electronics at the company's headquarters in Seoul April 30, 2010. File Photo source : REUTERS/Jo Yong-Hak |
Board members of Samsung -- the world's largest producer of mobile handsets -- had approved the all-cash acquisition of the Connecticut-based company, Samsung said in a statement.
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