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Samsung reportedly dropping the Magneti Marelli deal

Samsung cancels the Magneti Marelli acquisition
Magneti Marelli logo
As a side effect of the Galaxy Note 7 failure and its impact on the company's finances, Samsung decided to drop its plans to purchase both Harman and Magneti Marelli, picking only the first one.
Codrut Nistor,
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Earlier this year, it has been rumored that Samsung was interested in acquiring a Fiat Chrysler subsidiary known as Magneti Marelli. Back then, we heard that the South Korean company was interested in Magneti Marelli's telematics, entertainment and lighting capabilities, willing to pay $3 billion for it. Unfortunately, it looks like everything changed in the meantime, so this deal has been dropped.

According to an industry watcher, "Samsung was going to take over Haman and Magneti Marelli at the same time, but eventually buying Harman and gave up buying Magneti Marelli." Various reports claim that Samsung had trouble negotiating the price of this acquisition, as FCA demanded three times the estimations of the well-known IT giant. 

Magneti Marelli is a top 30 company in the auto parts industry, producing infotainment and telematics equipment, as well as lighting and suspensions. Thanks to Harman, Samsung has some of these areas covered, but insiders familiar with this matter think there is still a chance for the company to work with Magneti Marelli in the future. 

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Codrut Nistor
Codrut Nistor - Senior Tech Writer - 5414 articles published on Notebookcheck since 2013
In my early school days, I hated writing and having to make up stories. A decade later, I started to enjoy it. Since then, I published a few offline articles and then I moved to the online space, where I contributed to major websites that are still present online as of 2021 such as Softpedia, Brothersoft, Download3000, but I also wrote for multiple blogs that have disappeared over the years. I've been riding with the Notebookcheck crew since 2013 and I am not planning to leave it anytime soon. In love with good mechanical keyboards, vinyl and tape sound, but also smartphones, streaming services, and digital art.
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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2016 11 > Samsung reportedly dropping the Magneti Marelli deal
Codrut Nistor, 2016-11-28 (Update: 2016-11-28)