Samsung Electronics will acquire Harman International Industries, a US automotive technology manufacturer, for US$112 per share or total equity value of around US$8.0 billion in cash, according to the press release from Samsung on November 14. Once the transaction is closed as scheduled by mid-2017, Harman will become Samsung's standalone subsidiary and will give Samsung a push to accelerate the growth in connected technologies, especially in automotive electronics. HARMAN has rich experience in designing and integrating sophisticated in-vehicle technologies, which complements Samsung's expertise in connected mobility, semiconductors, displays and global distribution channels. Samsung expects to reach US$100 billion of revenue from automotive technologies by 2025. The transaction is still subject to approval by HARMAN shareholders, regulatory authorities, and other customary closing conditions.