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Samsung To Acquire Connected Car Firm Harman For $8 Billion (thestack.com)
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.
It seems the article writer has no clue who Harmon is.
Harmon of Harmon Kardon, has been an audio company for decades, they have been buying up pro and commercial audio companies for a decade and last year acquired the AMX automation company.
Car stuff is one of the smallest parts of their business.
Do not look at laser with remaining good eye.