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Samsung may not be able to include Harman audio in 2018 devices

Harman shareholders aren't giving up without a fight. (Source: Android Authority)
Harman shareholders aren't giving up without a fight. (Source: Android Authority)
A class lawsuit could delay Samsung's acquisition of the US-based auto parts maker which was originally planned to be finalized by the end of 2017. Samsung intends to make every effort to finalize the deal, but it may be a drawn-out process.

Some Harman International shareholders have filed a class suit against a planned $8 billion merger with Samsung Electronics. The unhappy shareholders have stated their intention to vote against the deal, citing serious concerns with the terms and conditions of the contract, which they described as "flawed." They also stated that the offer was a clear devaluation of the company.

Samsung announced its intention to acquire Harman for $112 per share in November, a 28 percent premium over the company's November 11th closing price. The South Korean tech conglomerate hoped to use this acquisition to transition into the automobile market, capitalizing on the growth potential of the driverless car industry.

Shortly after the merger announcement in November, Jonghwan Park, executive vice president and head of Samsung’s car components division, said that Samsung could launch their first smartphone using Harman audio technology as early as 2018. Harman has worked with other smartphone makers in the past such as HTC and Huawei.

Though Samsung originally hoped to finalize the deal by November 2017, the lawsuit could throw a spanner in the works and delay any plans to include Harman audio technology in Samsung devices.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2017 01 > Samsung may not be able to include Harman audio in 2018 devices
Isaac Brown, 2017-01-14 (Update: 2017-09-26)
Isaac Brown
Isaac Brown - News Editor
I joined Notebookcheck at the end of 2016 after being a dedicated reader of the website for the past six years, occasionally tuning out various lecturers to read reviews of the latest gaming and business laptops. As a writer and tech enthusiast, I focus mostly on smartphones, the latest trending gadgets like VR headsets, and the businesses that create it all. When I’m not admiring the latest graphics cards, I write short fiction and arrange for a cappella.