Samsung has finalized the purchase of Harman for record sum
Samsung Electronics has successfully completed the purchase of the company Harman, best known for its audio equipment. The deal was first announced last November, but initially met resistance from some shareholders Harman.
Later, however, she was approved against 112 dollars per share. Received permission from regulators in the United States and others become so outright purchase worth $ 8 billion is already happening. This is the largest amount paid for the acquisition of another company in the history of Samsung. Harman will continue to operate as an independent subsidiary of Samsung and its former CEO Dinesh Palin will keep his job. Does not provide for changes to headquarters, the staff of 30 000 people and factories. Harman herself owns brands AKG, Harman Kardon, Infinity, JBL, Lexicon, Mark Levinson and Revel. More than 25 million vehicles use its audio equipment.