Sunday, February 19, 2017

Harman International shareholders have voted to approve the company’s merger with Samsung Electronics for approximately $8 billion. The deal gives Samsung access to Harman's automotive business and the ability to add premium audio to their mobile devices. The merger is still dependent on regulatory approval in multiple countries, however, Samsung wants this completed no later than September of this year. If the transaction receives all necessary approvals, it will be the largest overseas acquisition ever completed by a Korean company.


// via Instagram Harman International shareholders have voted to approve the company’s merger with Samsung Electronics for approximately $8 billion. The deal gives Samsung access to Harman's automotive business and the ability to add premium audio to their mobile devices. The merger is still dependent on regulatory approval in multiple countries, however, Samsung wants this completed no later than September of this year. If the transaction receives all necessary approvals, it will be the largest overseas acquisition ever completed by a Korean company.

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