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Internet of things News

10 Blockbuster Acquisitions That Helped Companies Get Ahead In IoT In 2017

Lindsey O'Donnell

Samsung - Harman

Samsung in March announced it had closed an $8 billion deal to acquire connected car technology company Harman as part of its overall push into the autonomous vehicle market.

The South Korean mobile giant said that Harman's leadership in connected car technologies – including infotainment systems, cybersecurity capabilities, and telematics – would bolster its own connectivity technologies including 5G and display products. Samsung, which has also pledged to dish out $1.2 billion over the next four years for IoT-related research and startups, said the acquisition will give it access to Harman's 8,000 software designers and engineers who are "unlocking the potential of the IoT market."

 
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