The company will push to deliver automotive growth, despite increased competition from bigger rivals such as Samsung.
News & Analysis: Harman International Industries
In an all-cash buyout valued at $8 billion, Korean electronics giant Samsung will use Harman as a springboard into the automotive electronics market.
Electronics giant Samsung said it will acquire Harman for $8 billion, as it seeks to become a major auto-industry supplier.
Samsung said it will buy connected-car experts Harman International Industries for $8 billion in cash. It's a big bet on a high-tech automotive future.
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The connected solutions provider came up short of analyst estimates and slashed its guidance for 2016.
Is Harman International's drop meaningful? Or just another movement?
If you has missed the boat for Harman International, which has doubled its share price in the past year, should you still consider investing in it now?
Is this meaningful? Or just another movement?