Samsung to acquire Harman for 8 billion
This was all over the news yesterday. Apparently, Samsung is spending $8 billion to buy its way into a burgeoning market for automotive technology alongside Apple and Google as the smartphone business wanes. With the deal, Samsung hope to marry its fast microprocessor and software technology with Harman’s infotainment and vehicle systems to offer carmakers more advanced connectivity…according to a report I read online
I wonder what is going to happen to the brands under Harman. Is Samsung targetting the car market with Harman’s automotive products? Is it going to acquire and then close down the other brands like JBL and the like? We do not know. All I can say is…exciting times are ahead.