An anonymous reader writes: Samsung has announced its plans to buy car tech company Harman International for $8 billion, marking the largest ever overseas deal by a South Korean firm. The electronics giant is to purchase the connected car systems company in a push to strengthen its efforts in emerging areas as its smartphone business slows. "Harman perfectly complements Samsung in terms of technologies, products and solutions, and joining forces is a natural extension of the automotive strategy we have been pursuing for some time," said Samsung CEO Oh-Hyun Kwon. Samsung confirmed that it will acquire the Connecticut-based company for $112 per share in cash, representing a premium of 28% based on Harman's closing stock price on 11th November.
Attend or create a Slashdot 20th anniversary party! DEAL: For $25 - Add A Second Phone Number To Your Smartphone for life! Use promo code SLASHDOT25. Check out the new SourceForge HTML5 Internet speed test. ×