Samsung buys its way into car with $8 billion deal for Harman #DetroitNews

Bloomberg News - Samsung Electronics Co. is spending $8 billion to buy its way into a burgeoning market for automotive technology by buying Harman International Industries Inc., whose North American automotive headquarters is in Novi. The South Korean company is making its largest-ever overseas acquisition with an offer for Harman International Industries Inc., angling to become the go-to supplier of everything from in-car entertainment to connected-auto services. It comes days after Samsung Group heir-apparent

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