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Samsung in talks to buy assets of Fiat's components unit: sources

The deal, which could be worth more than US$3b, will help lower Korean company's reliance on consumer electronics

Published Thu, Aug 4, 2016 · 09:50 PM
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Seoul

SAMSUNG Electronics Co is in advanced talks to buy some or all of the operations of auto-parts maker Magneti Marelli from Fiat Chrysler Automobiles NV, according to people familiar with the matter.

Samsung is particularly interested in Magneti Marelli's lighting, in-car entertainment and telematics business and could consider an acquisition of the whole company, the people said on Wednesday, asking not to be identified as the discussions are private.

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