Samsung to Buy U.S. Auto-Parts Supplier Harman for $8 Billion – WSJ – Wall Street Journal

Posted: Monday, November 14, 2016

Samsung Electronics Co. is making a drive for control of the car.

The South Korean smartphone maker said Monday that it would buy U.S. auto-parts supplier Harman International Industries Inc., based in Stamford, Conn., for $8 billion in an all-cash deal that instantly makes Samsung a major player in the world of automotive technology.

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