{"id":37512,"date":"2016-08-04T02:57:41","date_gmt":"2016-08-04T06:57:41","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=37512"},"modified":"2016-08-04T02:57:41","modified_gmt":"2016-08-04T06:57:41","slug":"samsung-electronics-is-pursuing-the-purchase-of-partial-or-entire-fiat-chrysler-automobiles-nv-nysefcau-operations","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/samsung-electronics-is-pursuing-the-purchase-of-partial-or-entire-fiat-chrysler-automobiles-nv-nysefcau-operations-37512","title":{"rendered":"Samsung Electronics Is Pursuing The Purchase Of Partial Or Entire Fiat Chrysler Automobiles&#8217; NV (NYSE:FCAU) Operations"},"content":{"rendered":"<p>Samsung Electronics is considering buying some or all of the <strong>Fiat Chrysler Automobiles&#8217; NV (NYSE:FCAU)<\/strong> operations. The two are in advanced talks which if they are agreeable will result into the acquiring of the auto maker\u2019s MagnetiMarelli\u2019s lighting, in-car entertainment and telematics business. Reliable sources revealed that the acquisition whose closure is expected to take place later in the year would be worth more than $3 billion.<\/p>\n<p>It is not the first time that MagnetiMarelli is getting interested buyers. A report alleges that former Fiat CEO Sergio Marchionne was earlier involved in talks with Audi. Any positive conclusion of the negotiations would have led to the sale of not only the parts unit but also Fiat&#8217;s Pomiglianod&#8217;Arco factory. Apparently, it is not only the Korean electronics giant that has shown interest in the automotive industry. Alphabet Inc (NASDAQ:GOOGL) Google and Apple Inc. (NASDAQ:AAPL) are also eyeing the potential technology growth sector.<\/p>\n<p><strong>Samsung Electronics and Fiat will both gain. How? <\/strong><\/p>\n<p>The deal if well concluded will result in being the biggest-ever to have taken place on the outskirts of South Korea. It is a move that would diminish Samsung\u2019s dependence on consumer electronics. 48-year-old Vice Chairman Lee Jae Yong who is behind the rejuvenated company seems committed to giving it a new phase given that he has taken up more responsibilities. He would also lead the company into benefiting from the rising interest in cars from technology companies. Nevertheless, it remains the world\u2019s biggest producer of memory chips and televisions.<\/p>\n<p>Fiat\u2019s benefit was that of rising shares to as much as 9.2% in the US to 6.64% in New York. Sogefi SpA (BIT:SO), another Italian parts maker, is also a beneficiary of the talks after its shares got a gain of 4.7% to 1.55 euros.<\/p>\n<p>Nevertheless, Samsung may also gain entry into supplying some of Fiat\u2019s luxury brands. As if this is not enough it is already having a slice of surging sales of electric cars having bought Samsung\u2019s Shanghai unit for 3 billion-yuan<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Samsung Electronics is considering buying some or all of the Fiat Chrysler Automobiles&#8217; NV (NYSE:FCAU) operations. The two are in advanced talks which if they [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":37513,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236,263],"tags":[11900,11899,1586,1612,11723,11246,1002,6333,11247,7736],"stock_ticker":[],"class_list":["post-37512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-technology","tag-alphabet-inc","tag-alphabet-inc-nasdaqgoogl","tag-apple-inc","tag-apple-inc-nasdaqaapl","tag-fiat-chrysler-automobiles-nv","tag-fiat-chrysler-automobiles-nv-nysefcau","tag-nasdaqaapl","tag-nasdaqgoogl","tag-nysefcau","tag-samsung-electronics","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Samsung Electronics Is Pursuing The Purchase Of Partial Or Entire Fiat Chrysler Automobiles&#039; NV (NYSE:FCAU) Operations - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/samsung-electronics-is-pursuing-the-purchase-of-partial-or-entire-fiat-chrysler-automobiles-nv-nysefcau-operations-37512\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Samsung Electronics Is Pursuing The Purchase Of Partial Or Entire Fiat Chrysler Automobiles&#039; NV (NYSE:FCAU) Operations - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Samsung Electronics is considering buying some or all of the Fiat Chrysler Automobiles&#8217; NV (NYSE:FCAU) operations. The two are in advanced talks which if they [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/samsung-electronics-is-pursuing-the-purchase-of-partial-or-entire-fiat-chrysler-automobiles-nv-nysefcau-operations-37512\" \/>\n<meta property=\"og:site_name\" content=\"Wall Street PR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WallStreetPR\/\" \/>\n<meta property=\"article:published_time\" content=\"2016-08-04T06:57:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2016\/08\/Samsung-Electronics.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"427\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Greg Folin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Greg Folin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/samsung-electronics-is-pursuing-the-purchase-of-partial-or-entire-fiat-chrysler-automobiles-nv-nysefcau-operations-37512#article\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/samsung-electronics-is-pursuing-the-purchase-of-partial-or-entire-fiat-chrysler-automobiles-nv-nysefcau-operations-37512\"},\"author\":{\"name\":\"Greg Folin\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/09a8586a8976289812879bbc81ac988e\"},\"headline\":\"Samsung Electronics Is Pursuing The Purchase Of Partial Or Entire Fiat Chrysler Automobiles&#8217; NV (NYSE:FCAU) Operations\",\"datePublished\":\"2016-08-04T06:57:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/samsung-electronics-is-pursuing-the-purchase-of-partial-or-entire-fiat-chrysler-automobiles-nv-nysefcau-operations-37512\"},\"wordCount\":355,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\"},\"image\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/samsung-electronics-is-pursuing-the-purchase-of-partial-or-entire-fiat-chrysler-automobiles-nv-nysefcau-operations-37512#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2016\/08\/Samsung-Electronics.jpg\",\"keywords\":[\"Alphabet Inc\",\"Alphabet Inc (NASDAQ:GOOGL)\",\"Apple Inc\",\"Apple Inc. 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