Samsung-Harman: Getting in an Automotive Groove – Wall Street Journal
Samsung’s latest billion-dollar deal books a seat on technology’s next big thing—smarter cars. It looks like a ride worth taking.
The Korean technology giant said Monday it will buy U.S. auto-parts supplier Harman International for $8 billion in an all-cash deal. The transaction, the largest in Samsung’s history, comes as the smartphone market is maturing. It is a bet that automobiles, which have looked roughly similar for decades, will be the next place to fit in more chips and screens. Around 65% of Harman’s revenue…