By cryptoadmin 
Harman Worldwide, a completely owned subsidiary of Samsung, is buying the audio enterprise of well being expertise firm Masimo for $350 million in money. The deal is predicted to finalized by the tip of 2025, although it's nonetheless topic to regulatory approvals. Samsung bought Harman Worldwide again in 2017 for $8 billion, although it allowed the corporate to function as an impartial subsidiary. Harman's manufacturers embody JBL, Harman Kardon, AKG, Mark Levinson, Arcam and Revel. If and when the acquisition pushes by means of, Masimo's audio manufacturers underneath Sound United can be added to the listing, together with Bowers & Wilkins, Denon, Marantz and Polk Audio.
It’s unclear if the acquisition will result in layoffs, but it surely seems like Harman is taking over Sound United's staff. "Constructed on a shared legacy of innovation and excellence in audio expertise, this mixed household of manufacturers, along with the gifted staff of each firms, will ship complementary audio merchandise, strengthen our worth proposition and provide extra selections to customers," mentioned Dave Rogers, the President of Harman's Life-style division.
As famous by The Verge, Samsung printed a press launch, the place it briefly talked in regards to the historical past of the manufacturers it's buying. It talked about a few of Bowers & Wilkins' most iconic merchandise, such because the Nautilus loudspeaker (pictured above) and its Zeppelin wi-fi speaker, in addition to Denon's historical past as an early adopter of the CD participant. Harman had a 60 % market share in moveable audio gadgets final yr, and the corporate is seeking to keep that place with this buy. "By combining the audio enterprise of Masimo, which is being acquired this time, with Harman’s life-style enterprise division, the corporate plans to solidify its international No. 1 place within the shopper audio market," Samsung mentioned. Samsung additionally plans to use the brand new manufacturers' audio applied sciences to its smartphones, TVs, wi-fi earphones, soundbars and different gadgets sooner or later.
This text initially appeared on Engadget at https://www.engadget.com/audio/samsung-is-paying-350-million-for-audio-brands-bowers–wilkins-denon-marantz-and-polk-131514754.html?src=rss