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Samsung Buys Connected Car Firm Harman for $8bn in Cash

posted by cmn32480 on Wednesday November 16 2016, @11:09AM   Printer-friendly
from the take-note-and-wash-up dept.

Phoenix666 writes:

Samsung Electronics is buying automotive electronics-maker Harman International Industries for $8bn (£6.4bn), as it makes a big push into connected car technologies.

Internet-connected cars will improve in-car entertainment, and be able to help with crash alerts and diagnosing engine problems.

It will also be key for driverless technology.

Samsung said automotive electronics was "a strategic priority".

The deal is the biggest overseas purchase made by a South Korean firm, and comes as Samsung is looking to recover from the withdrawal of its Galaxy Note 7 smartphone.

Something about Samsung connecting cars says "chain lightning" to me.

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  • (Score: 0, Flamebait) by Anonymous Coward on Wednesday November 16 2016, @04:30PM

    by Anonymous Coward on Wednesday November 16 2016, @04:30PM (#427585)

    Is this some kind of Eurotard abbreviation or something?

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  • (Score: 1, Troll) by butthurt on Wednesday November 16 2016, @08:03PM

    by butthurt (6141) on Wednesday November 16 2016, @08:03PM (#427735) Journal

    Here it abbreviates "billion."

    https://www.acronymfinder.com/BN.html [acronymfinder.com]