Samsung Electronics buys auto-systems maker Harman for $8B
SEOUL, South Korea — Samsung Electronics said Monday it has agreed to acquire auto-systems maker Harman for $8 billion as the South Korean giant eyes the growing market for connected cars.
Samsung will pay $112.00 per share in cash for the Stamford, Connecticut-based company, making the acquisition Samsung’s biggest ever.
Overseas acquisitions are high on Samsung’s agenda. Last month, the company bought artificial intelligence firm Viv Labs, founded by creators of Apple’s Siri.