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Samsung buys Harman to get into the car market

by on14 November 2016

Everyone wants to be there, anything is better than smartphones

Maker of flaming smartphones, Samsung, has agreed to buy Harman which makes bits for connected cars.

Apparently, the outfit has written an $8 billion cheque as part of its major push into the auto-related technology.

The deal would "give Samsung a significant presence in the large and rapidly growing market for connected technologies, particularly automotive electronics, which has been a strategic priority," Samsung sung.

It is rather good news for the outfit, which has suffered from bad press coming from its withdrawal of the fire prone Galaxy Note 7.

Samsung has been talking to Fiat Chrysler Automobiles (FCA) over a potential sale or partnership for its Magneti Marelli auto parts maker, sources have said.

Last modified on 14 November 2016
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