This morning we can take a break from the post-election fallout and concentrate on a news item that is less contentious, and certainly more interesting. Electronics powerhouse Samsung is set to acquire Harman International for approximately $8 billion when the sale closes in mid-2017. While we at Sound&Vision know Harman from their home audio brands, the bulk of their business has been in the automotive world. Samsung sees the future of connected cars and this acquisition is their foot in the proverbial car door. This is the biggest acquisition in Samsung history, and one that marks a concerted effort to grab a huge piece of the automotive industry.
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