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Can Samsung’s new leader dethrone Apple?


Samsung Electronics said on Monday it had agreed to buy Harman International Industries for about $8 billion (roughly Rs. 54,107 crores), a deal that enables the South Korean electronics giant to expand its presence in the automotive electronics market.

Samsung said in a statement it expected to use cash to fund the deal, which represents a premium of 28 percent to Harman’s Friday closing price.

© Thomson Reuters 2016

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