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Monday 14 November 2016

Samsung to acquire Harman, a car infotainment and audio powerhouse

Tech companies are looking to smart cars as their next big source of revenue - Nvidia's profits are rising on chips that power self-driving cars and now Samsung is making its biggest acquisition yet. In an all-cash transaction, the Korean giant will acquire the influential auto-parts supplier Harman International Industries. You may know the name from Harman/Kardon speakers and headphones, but that's actually one of many brands. Harman is also behind JBL, AKG, Mark Levinson, Lexicon, Infinity and Revel. The company also licenses Bang & Olufsen, Bowers & Wilkins and other brands for the...

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