# Samsung Electronics to acquire HARMAN for $8 billion

Samsung Electronics and Harman International Industries announced a definitive agreement on November 14, 2016, for Samsung to acquire HARMAN for $112 per share in cash, totaling approximately $8 billion.

- Type: Acquisition
- Announced: 2016-11-14
- Where: United States
- Value: $8.00B
- Status: announced
- Products: connected car solutions, infotainment, telematics
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Samsung Electronics](https://endata.com/companies/647.md) (acquirer)
- [Harman International Industries](https://endata.com/companies/19652.md) (target)
- [Harman International](https://endata.com/companies/19793.md) (target)

## Sources

- [news.samsung.com](https://news.samsung.com/global/samsung-electronics-to-acquire-harman-accelerating-growth-in-automotive-and-connected-technologies), 2016-11-14: "Samsung will acquire HARMAN for $112.00 per share in cash, or total equity value of approximately $8.0 billion"
- [news.samsung.com](https://news.samsung.com/us/Samsung+Electronics+to+Acquire+HARMAN%2C+Accelerating+Growth+in+Automotive+and+Connected+Technologies), 2016-11-14: "Samsung will acquire HARMAN for $112.00 per share in cash, or total equity value of approximately $8.0 billion."
- [sst.semiconductor-digest.com](https://sst.semiconductor-digest.com/insights-from-leading-edge/2016/11/iftle-312-mergers-acquisitions-and-rumors-imaps-2016/), 2016-11-28: "Samsung’s interest is in Harmans 'connected car' business which supplies navigation services, onboard entertainment systems and connectivity to the rest of the world."
- [inavateapac.com](https://www.inavateapac.com/news/article/samsung-announces-harman-acquisition), 2017-07-06: "The vehicle of tomorrow will be transformed by smart technology and connectivity in the same way that simple feature phones have become sophisticated smart devices over the past decade."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.