Samsung boosts audio, connected car businesses with $8B Harman buy
Samsung Electronics wants to buy its way into the connected car market, with a plan to acquire Harman for $8 billion.
It's the latest in a line of acquisitions by Samsung, as it seeks to diversify its business beyond the slowing smartphone market. Other recently announced deals include last month's buy of artificial intelligence startup Viv Labs, which has developed a virtual personal assistant Samsung hopes to put in its consumer electronics products, and the June purchase of Joyent, a supplier of cloud services for the internet of things.
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