Samsung Says To Buy US Auto Parts Supplier Harman For $8 Bn

Umer Jamshaid Published November 14, 2016 | 01:15 PM

Samsung says to buy US auto parts supplier Harman for $8 bn

SEOUL, , (UrduPoint / Pakistan Point News - 14th Nov, 2016 ) - samsung Electronics said Monday it would buy US auto parts maker Harman for $8 billion in a bid to enter the growing market for automotive technology to produce "connected" cars.

board members of Samsung -- the world's largest producer of mobile handsets -- had approved the all-cash acquisition of the Connecticut-based company, Samsung said in a statement.

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