Samsung Electronics said Monday it has agreed to acquire auto-systems maker Harman for $8 billion as the South Korean giant eyes the growing market for connected cars. Harman provides connected cars and audio systems with safety and entertainment features. More than 30 million cars are equipped with its auto systems. Samsung is a latecomer to the market for connected cars. Apple and Google were already working with global automakers to supply their auto systems, CarPlay and Android Auto.

Source: Los Angeles Times November 14, 2016 08:01 UTC