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5mo ago

Masimo Finalizes $350 Million Sale of Sound United to Samsung’s Harman

The deal, which includes premium audio brands like Bowers & Wilkins and Denon, marks Samsung’s largest acquisition since 2016 and supports Masimo’s pivot to healthcare innovation.

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The company that sued Apple and won Rs 21,000 is selling its audio business to a Samsung subsidiary
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Overview

  • Masimo Corporation has signed a definitive agreement to sell its Sound United consumer audio division to Harman International, a subsidiary of Samsung Electronics, for $350 million in cash.
  • The sale includes renowned brands such as Bowers & Wilkins, Denon, Marantz, and Polk, which will join Harman’s existing portfolio of premium audio brands like JBL and AKG.
  • Masimo's divestiture aligns with its strategic focus on professional healthcare innovation, reallocating resources to areas of unmet clinical need.
  • Harman plans to integrate Sound United's brands into its lifestyle division, aiming to secure the top position in the global consumer audio market, projected to grow to $70 billion by 2029.
  • The transaction, subject to regulatory approvals, is expected to close by the end of 2025, marking Samsung’s largest M&A deal since its $8 billion acquisition of Harman in 2016.