Samsung is going to buy Harman

Samsung is going to buy Harman

14.11.2016 News

The Samsung Group electronics declared a takeover of Harman International Industries Company. The price of one share of the American entity will cost shareholders of Samsung $112 that is 28% more than the start price of assets. Thus, the cost of the transaction reaches $8 billion.

Harman International Industries is the American developer and the producer of audio and video installations, electronics and electronic king for cars. The net income of the company in 2015 constituted $700 million. The business merger is directed, first of all, to a partial reorientation of Samsung Group. After a series of the financial losses connected to the new model Galaxy Note smartphone defective about what LDaily has reported on the pages already earlier. The South Korean holding is forced to look for entry into the new markets. With it, respect, agreement signature with Harman is a strategically important step on the way to implementation on a world car market.

Read also: Samsung Galaxy Note removed from sale

Other articles

  • Investment in industrial solar power plants fell significantly in 2020
    News

    Investment in industrial solar power plants fell significantly in 2020

    Company representatives, who engaged in the design, construction and equipment for solar power plants, note a significant decline in demand for their services. This is due to instability of the industry and growing debts for “green” electricity. “We are talking about 1260 MW of RES generation that has been launched in the first three quarters […]

  • Musk promises that the Tesla plant near Berlin will become the world’s largest battery manufacturer
    News

    Musk promises that the Tesla plant near Berlin will become the world’s largest battery manufacturer

    Tesla CEO Elon Musk wants to turn the Tesla plant near Berlin into the world’s largest factory for the production of batteries for electric vehicles. The businessman stated this on Tuesday, November 24, speaking via video link at the European Conference of Battery Manufacturers. The plant near Berlin will be one of a kind as […]

  • Tesla’s value rose above $ 500 billion
    News

    Tesla’s value rose above $ 500 billion

    Shares of US electric car manufacturer Tesla continue to rise sharply amid news of the company’s future accession to the S&P index. On Tuesday, November 24, the market value of Elon Musk’s company crossed the $ 500 billion mark for the first time. Tesla shares are said to have risen nearly 550 percent this year, […]

  • The Dow Jones index exceeded 30,000 points for the first time in history
    News

    The Dow Jones index exceeded 30,000 points for the first time in history

    The Dow Jones and S&P 500 stocks hit record highs on Tuesday, November 24 amid official news of the transfer of power in the United States and progress in the development of coronavirus vaccines. In particular, the Dow Jones industrial index rose by 1.5% and for the first time in history exceeded 30,000 points. According […]

  • The largest coffee manufacturer Strauss Group has opened a distribution center in Kyiv
    News

    The largest coffee manufacturer Strauss Group has opened a distribution center in Kyiv

    The international company Strauss Group is one of the largest coffee manufacturers in the world. They put into operation a warehouse and distribution center on the street in the third quarter of 2020. It’s located on Novopyrohivska str, 56a in the Holosiivskyi district of Kyiv. “An innovative distribution center opened in Ukraine in the third […]

  • WHO has announced a new record weekly increase in COVID-19 cases
    News

    WHO has announced a new record weekly increase in COVID-19 cases

    Last week, from November 16 to 22, more than 4 million people in the world became infected with the new type of coronavirus, which is a record number since the beginning of the pandemic. This was announced on Tuesday, November 24, the press service of the World Health Organization. According to the WHO, in these […]

  • The second power unit was connected at Zaporizhzhya NPP
    News

    The second power unit was connected at Zaporizhzhya NPP

    Zaporizhzhya NPP connected Unit №2 to the power system of Ukraine. This was reported by the press service of NNEGC Energoatom. “On November 22 at 9:07 pm, after the completion of the average planned and preventive repairs, Unit №2 of Zaporizhzhya NPP is connected to the power system. Power is being set. There are no […]

  • IBM makes two cloud acquisitions a week: TruQua and Instana
    News

    IBM makes two cloud acquisitions a week: TruQua and Instana

    This week, IBM announced two acquisitions in the field of cloud computing: financial and analytical IT company TruQua Enterprises and software company Instana. The financial terms of the two agreements were not disclosed. On Monday, IBM announced the acquisition of TruQua, which provides SAP solutions to Fortune 500 companies. SAP is one of the world’s […]

Read also

Samsung is going to buy Harman
News

Souce business: what is happening with the production in Ukraine?

In Ukraine it is observed the decline in the production of sauces , namely the manufacture of ketchup, sauces based on mayonnaise and mustard. But, nevertheless, the export of these products was reduced insignificantly by manufacturers and domestic demand continues to be satisfactory. According to the State Statistics Service of Ukraine, figure of ketchup manufacturing […]

Next
Samsung is going to buy Harman
News

PIFs brought a million dollars to the budget for the year

Currently, there are almost 2 million entrepreneurs in Ukraine, and each of them pays an average of 13 thousand hryvnias a year. Thereby, in 2019, the turnover of the PIF`s economy amounted to 1 million dollars. “Over the past eight years, revenue from private individuals to the budget have increased by 24 times. In the […]

Next
Samsung is going to buy Harman
News

Virgin Atlantic Airways asks for protection from bankruptcy

British airline Virgin Atlantic Airways, which has assets and leading business, including in the United States, 49% of which belongs to the American Delta Airlines, filed a claim for bankruptcy protection in the Southern District of New York. Chapter 15 of the US Bankruptcy Code: “Law on Prevention of Abuse in Bankruptcy and Consumer Protection” […]

Next
Samsung is going to buy Harman
News

NBU decided to liquidate Narodnyi Kapital bank

Another bank is under the threat of extinction in the new 2017. At this time we are talking about the Ukrainian financial institution Narodnyi Kapital. According to the text of the NBU decision , the bank will be liquidated due to the structure’s discrepancy to state requirement relatively its clarity. According to official information, in […]

Next
Samsung is going to buy Harman
News

Experts estimated the damage to the global economy due to coronavirus

Experts predict the collapse of the economy if states do not continue the policy of fiscal support for business. Information was reported by the American publication of Bloomberg. The main problem today – is a continuation of the spread of the virus that outbreaks around the world. Even when the vaccine is developed, its use […]

Next
Samsung is going to buy Harman
News

Ukraine doesn’t enter in world steel top-10

Following the results of October 2016 Ukraine has remained beyond limits top-10 of  the largest global manufacturers of steel. According to world steel association, the Ukrainian metallurgists made 1,93 million tonnes that are 6,1% less, than the previous year. However, it is slightly better than the result of September 2016.Italy again forced Ukraine from top-10 […]

Next
Samsung is going to buy Harman
News

Pfizer submits the application to the FDA for permission to use the emergency vaccine of COVID-19 in November

Shares of the largest US pharmaceutical company Pfizer, down to 3.14% since the beginning of the year, rose to 3.83% on Friday on good news about its vaccine against the COVID-19. Currently, the mTNA candidate vaccine of BNT162b1, developed by Pfizer in the partnership with the German company BioNTech, the mechanism of the action of […]

Next
Samsung is going to buy Harman
News

The Commission on Securities and Stock Market of Ukraine suspended the licenses of “Ukrainian Stock Exchange”

The Law of Ukraine “On licensing certain types of economic activity” valid from the 28th of June 2015 states that economic entities may be deprived of licenses if they are controlled by the aggressor country. On the 17th of November 2015 the Commission has deprived a license from “Ukrainian Exchange”, because it is a subsidiary […]

Next
Samsung is going to buy Harman
News

Yaroslavsky is ready to attract $ 1 billion in investments for the Kharkiv Aircraft Plant

The owner and president of DCH Oleksandr Yaroslavsky is ready to attract $ 1 billion in investments in the restoration of the Kharkiv Aviation Production Enterprise. This statement is published on the official website of the DCH. “The DCH Group is ready to take responsibility for the resumption of domestic aircraft construction and raise $ […]

Next
Samsung is going to buy Harman
News

Starbucks demonstrates rapid sales recovery

Shares of Starbucks recovered from losses of February and March due to the pandemic and rose by 19.7% over the past 6 months. But shares fell again after the publication of the quarterly report, which ended September 30. Starbucks revenue and profit for the 4th quarter of fiscal 2020 showed a strong jump in growth […]

Next
Samsung is going to buy Harman
News

Ukraine under quarantine. How the economy of Ukraine will survive the coronavirus

The largest European countries are going to exit quarantine. On Monday, Germany, the Czech Republic, France, Poland, Norway and Denmark are lifting some of the quarantine restrictions imposed to combat the coronavirus epidemic. So, in Germany, it was allowed to open commercial space less than 800 square meters in size. Car dealers and bookstores were […]

Next
Samsung is going to buy Harman
News

Nezhin fat plant invests $ 50 mln. in the construction of oil-extracting factory

Recently was received an information that Nezhin fat plant will invest in the construction of a new oil-extracting factory. The Company appraises  the need for investment in the construction of this plant in the amount of about $ 50 million (of proprietary funds  and borrowed resources). Nezhin fat plant (Chernihiv region) plans to build the […]

Next
Samsung is going to buy Harman
News

BMW will pay $ 18 million fine for distorting sales figures

BMW has agreed to pay 18 million dollars fine for distortion of sales data for five years. About it with reference to the Commission on securities and stock exchanges of the USA. According to the commission, from 2015 to 2019, BMW maintained a reserve of unaccounted for car retail sales, which it used to achieve […]

Next
Samsung is going to buy Harman
News

Royal Dutch Shell has sold a part of its business in Malaysia

Dutch-British oil and gas holding company Royal Dutch Shell has transferred a majority stake (51%) of its Malaysian business to local manufacturer – the company Malaysia Hengyuan International Ltd. It is reported by news portal Inventure with reference to the foreign media. According to official information, the transaction value gets at 66.3 million dollars. As […]

Next
Samsung is going to buy Harman
News

Twitter will pay Turkey a fine in the amount of $ 51 thousand

Turkish government for the first time resolved  to apply penalties to the social network Twitter. Recently, Turkey  turned to Twitter with a formal request to delete from the site all the information with an extremist nature, the information that supports  terrorism. Twitter declined the request of the Turkish government and didn’t delete the corresponding positions […]

Next
Samsung is going to buy Harman
News

Intel announced a breakthrough in transistor technology that will enhance the performance of the new chips by 20%

At the annual press conference as part of “Architecture Day 2020”, Intel has announced improvements in the production of new graphics processors for laptops, PCs and server processors. Positive news was received in not the best time for the company Intel, since July 23, after the close of Thursday, shares fell by more than 20%, […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com