Samsung Electronics acquires US firm Harman for $8.0 bln

By Park Sae-jin Posted : November 14, 2016, 16:16 Updated : November 14, 2016, 16:16

[Aju News DB]

South Korean tech giant Samsung Electronics announced the acquisition Monday of Harman International, a US-based global leader in connected car technology, for about eight billion US dollars.

It was the biggest acquisition of foreign companies by a South Korean company. The move followed Samsung's debacle caused by the explosion of its flagship Galaxy Note 7 smartphone.

Aju news Lim Chang-won = cwlim34@ajunews.com