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Samsung's Harman to acquire Masimo audio business for $350 million

( May 8, 2025, 08:30 GMT | Official Statement) -- MLex Summary: Samsung Electronics' subsidiary Harman International has agreed to acquire Masimo Corporation's consumer audio business for $350 million in cash. The acquisition includes premium audio brands such as Bowers & Wilkins, Denon, Marantz, Polk and Definitive Technology, which will join Harman's existing portfolio of JBL, Harman Kardon, AKG and other brands. For Masimo, the divestiture aligns with its renewed focus on its core professional healthcare business, while Harman strengthens its position across key audio product categories including home audio, headphones, hi-fi components, and car audio. The transaction is expected to close by the end of 2025, subject to regulatory approvals.The statement follows:...

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