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.
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.
Codrut Nistor - Senior Tech Writer - 6008 articles published on Notebookcheck since 2013
In my early school days, I hated writing and having to make up stories. A decade later, I started to enjoy it. Since then, I published a few offline articles and then I moved to the online space, where I contributed to major websites that are still present online as of 2021 such as Softpedia, Brothersoft, Download3000, but I also wrote for multiple blogs that have disappeared over the years. I've been riding with the Notebookcheck crew since 2013 and I am not planning to leave it anytime soon. In love with good mechanical keyboards, vinyl and tape sound, but also smartphones, streaming services, and digital art.