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Samsung acquires Harman

Samsung desktop PC with Harman/Kardon audio, Samsung buys Harman
Samsung PC with Harman audio
The deal is valued at $8 billion ($112 USD per share in cash) and, once it closes, it enables Samsung to have a significant presence in the automotive electronics market, also giving the South Korean giant access to various audio technologies.
Codrut Nistor,

Not long after releasing a desktop PC with an unusual (cylindrical) shape that features a big Harman Kardon speaker, the South Korean company has decided to acquire Harman International Industries entirely. Although the financial terms of such deals never become public, the official press release reveals these details - "$112.00 per share in cash, or total equity value of approximately $8.0 billion."

Harman is currently heavily involved in the automotive industry, with over 60 percent of its sales being related to this field. In the audio world, Harman Kardon is also a well-known brand, especially when talking about laptops and convertibles, but they also equip stadiums and concert facilities. Harman Kardon audio gear can also be found in various cars.

Once the deal closes, Harman is expected to turn into a standalone Samsung subsidiary, keeping its current management team. Fortunately for the fans of Harman's many brands, Samsung plans to retain all the work force and facilities of the company, as well as the consumer and professional audio brands. 

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2016 11 > Samsung acquires Harman
Codrut Nistor, 2016-11-16 (Update: 2016-11-16)
Codrut Nistor
Codrut Nistor - News Editor
Although I have been writing about new software and hardware for almost a decade, I consider myself to be old school. I always enjoy listening to music on CD or tape instead of digital files and I will not even get into the touchscreen vs physical keys debate. However, I also enjoy new technology, as I now have the chance to take a look at the future every day. I joined the Notebookcheck crew back in 2013 and I have no plans to leave the ship anytime soon.