Samsung Buys Harman Kardon For 8 Billion Dollars

Samsung Buys Harman Kardon For 8 Billion Dollars

Nandit Bansal

By Nandit Bansal

Samsung buys Harman Kardon, here are some of the details of the deal:

Where there is a pretty evident race among software companies trying to acquire other software companies, Samsung Electronics, another tech giant, has played a different move this time. Straight from your houses and your pockets, Samsung attempts to enter your car space now. Yes, it has acquired Harman Kardon, a brand that manufactures connected car tech. The deal has been sealed for $8 billion only (mark my word).
Harman is one of the leading car tech manufacturers in the world, with 25 million cars using their technology worldwide. Though the connected car tech market is not that big as of now, the data science gurus have predicted a steep rise in its demand in the coming ten years. This market is predicted to grow to a turnover of over $100bn. Do you remember the word I told you to mark? Yes, Samsung has played a masterstroke regarding financial aspects.

What changes this deal will bring for us?

As far as the technological advancements are concerned, it is still a masterstroke. Samsung will have access to Harman’s workforce, as a result of which we might be able to witness some breakthrough kind of tech stuff coming up. The South Korean giant will also have under it hi-fi brands such as JBL, AKG, Mark Levinson and Infinity. In the coming years, we might see some cool upgrades in Samsung’s audio features, display features, virtual reality, etc. and further improvements in Harman’s own systems owing to the expertise Samsung has regarding electronics. So we expect that a 10 and a five will make a little more than a 15 this time.

The South Korean giant will also have under it hi-fi brands such as JBL, AKG, Mark Levinson and Infinity. In the coming years, we might see some cool upgrades in Samsung’s audio features, display features, virtual reality, etc. and further improvements in Harman’s own systems owing to the expertise Samsung has in terms of electronics. So we expect that a 10 and a five will make a little more than a 15 this time.
Cheers . (Oh sorry, its Samsung. Have a blast.)

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