Harman, a US automobile electronics company, will be bought by Samsung of South Korea for $8bn.
Editor’s Remarks: Samsung is making a bold step into the auto tech market after it created a team last year to do just that. Samsung does not have much of a presence in the market, but Harman is an established company that is now not only the largest overseas deal by Samsung but also a provider of devices for BMW, Toyota and VW. Samsung is going with the route of diversifying and spreading its interests after its Galaxy Note disaster and the apparent peaking of the smartphone market.
What to watch: Samsung, Continental, Bosch