Samsung buys connected car company Harman for $8 billion

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Screen Shot 2016-11-14 at 15.30.44
Samsung's latest big purchase is its biggest yet.
Photo: Harman

In its biggest-ever overseas purchase, Samsung bought automotive tech company Harman International Industries for a massive $8 billion.

Samsung referred to automotive electronics as a “strategic priority” going forward, which — as with its current positioning in the smartphone industry — makes the Korean company a major rival or resource for Cupertino as it continues its own investigations into a possible Apple Car.