Samsung's acquisition of Harman finalized

George, 11 March 2017

Samsung Electronics has completed the acquisition of Harman, the company revealed in a statement today. The deal, announced last November, was initially met with opposition by Harman shareholders, but was later approved, and has now been finalized. Stockholders will receive $112 per share.

The necessary approvals by US and other countries' regulatory bodies have also been acquired.

Harman will operate as a standalone Samsung subsidiary with current CEO Dinesh Paliwal keeping his seat. President and Chief Strategy Officer of Samsung Electronics Young Sohn will be chairman of the board that will oversee Harman operations. No changes will be made to Harman's work force, headquarters, and facilities.



Reader comments

  • D. Tjo
  • 23 Mar 2017
  • Iaa

Just throw an idea, when we all waiting for Harman to be available at our Samsung device. Why we are not just using bluetooth speaker like this ? It will be produce the same effect I think, by t...

  • AnonD-373654
  • 16 Mar 2017
  • gwF

what are you talking about?? i own the galaxy s7 edge.. and I just ordered the nokia 3310.. no other device currently.. read my comment carefully again

  • AnonD-305089
  • 16 Mar 2017
  • XRN

No you're lying, you don't have both phones. You're reading off the internet

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