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Samsung puts Magneti Marelli deal on the back burner to deal with the Galaxy Note 7 crisis

It was reported earlier this year that Samsung was in talks with Fiat Chrysler Automobiles to acquire its automotive parts subsidiary, Magneti Marelli. The company was reportedly interested in Magneti Marelli’s capabilities in telematics, lighting and entertainment. It was suggested that if a deal was made it could be worth around $3 billion. There were good vibes coming from Fiat Chrysler CEO.
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