Seoul: Samsung Electronics said on Monday it had agreed to buy Harman International Industries for about $8 billion, a deal that enables the South Korean electronics giant to expand its presence in the automotive electronics market.
Samsung said in a statement it expected to use cash to fund the deal, which represents a premium of 28 percent to Harman's Friday closing price.
Seoul: Samsung Electronics said on Monday it had agreed to buy Harman International Industries for about $8 billion, a deal that enables the South Korean electronics giant to expand its presence in the automotive electronics market.
Samsung said in a statement it expected to use cash to fund the deal, which represents a premium of 28 percent to Harman's Friday closing price.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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