· Samsung's $8 billion acquisition of US auto parts giant Harman received shareholder approval

The technology industry has entered the field of electric vehicles and autonomous driving. As a catch-up move, Samsung Electronics has announced that it will spend $8 billion to acquire Harman International, a US auto parts manufacturer. Passed the Samsung acquisition plan.
According to a number of foreign media reports, this Thursday, Samsung’s de facto leader Li Zaijun was arrested in South Korea and the prosecution accused of bribery and other charges. The outside world once worried that this change will cause Samsung Electronics to acquire Harman company to be postponed.
However, Harman International’s shareholder meeting was held as scheduled, and the conference officially passed Samsung’s acquisition plan with a 22:1 turnout.
According to reports, if Samsung Electronics successfully acquired Harman, it will also be the largest overseas M&A case by Korean companies to date.
After the approval of the Harman shareholders, the acquisition also needs to be approved by the regulatory authorities of the United States, China, South Korea and the European Union. It is estimated that if all goes well, the acquisition will be completed in the third quarter of 2017.
After the Samsung acquisition plan was announced, Harman International’s shareholders initiated a class action lawsuit against the company’s management, arguing that management did not help the company find a better offer. However, Harman’s filings with the US Securities and Exchange Commission show that Samsung’s acquisition will not be affected by this class action lawsuit.
In recent years, the technology industry and the automotive industry have seen a convergence trend. Under the demonstration effect of Google (microblogging), autonomous vehicles are emerging around the world. Many technology companies and traditional car manufacturers have developed autonomous driving technologies. Many other car companies have begun to follow Tesla and mass-produce electric vehicles. . In addition, the car and mobile Internet, mobile devices began to deep integration, the emergence of a new concept of "smart car."
Samsung Electronics has experienced slow movements in the automotive field. With the acquisition of Harman International, Samsung will narrow the gap with its competitors. In the field of automotive electronics, Samsung will also have more room for development.
In the 1990s, Samsung Electronics entered the automotive industry and registered the "Samsung Motors" company. Samsung chose Japan Nissan as a development partner, but Samsung's expansion in the automotive field was not smooth. In 1998, the Asian financial crisis broke out and Samsung took the car. The business was transferred to the French Renault Automobile Company and basically withdrew from the automotive market.
It is worth mentioning that Samsung Electronics has tended to develop itself in history. There are few cases of overseas mergers and acquisitions. It has also been a lesson in the failure of acquisition. Whether it can successfully integrate Harman International, which is in a “make production industry”, remains to be seen. Observed.

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