DineshPaliwal

Samsung buying auto and audio giant Harman for $8 billion

by 

Steve Dent

11.14.2016

Samsung has agreed to acquire Harman International Industries, an auto parts supplier best known by consumers for its Harman Kardon audio division. The $8 billion, all-cash deal is the largest in Samsung's history, and an unusual move for a company that normally develops tech in-house. It instantly makes Samsung a much bigger player in the connected and autonomous vehicle industry dominated by Google, Apple and automakers like Tesla, GM and Volvo.