Samsung eyeing deal for Fiat unit

Samsung Electronics is in advanced talks to buy some or all of the operations of auto-parts maker Magneti Marelli from Fiat Chrysler, according to sources.

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 souces said.

The deal could be worth more than $3bn (€2.67bn), with a goal of closing this year. That would make it Samsung’s biggest-ever acquisition outside South Korea. Fiat’s shares rose over 8% on the news.