Samsung’s Harman acquisition complete, will retain workforce and brands

SamMobile

SamMobile
SamMobile
Everything in life is a process, but the end to some processes is a cause for celebration. That is the case for Samsung, as its
Please, Log in or Register to view URLs content!
acquisition is now complete after
Please, Log in or Register to view URLs content!
to see it through. Harman stockholders will receive $112 per share, with a total purchase payment of $8 billion – in step with earlier reports.
Please, Log in or Register to view URLs content!
three weeks ago, as well as the
Please, Log in or Register to view URLs content!
, so today’s confirmation is no surprise.

While many consumers will experience
Please, Log in or Register to view URLs content!
and
Please, Log in or Register to view URLs content!
such as the Galaxy S8, Galaxy S8+, and Galaxy Note 8, Samsung’s acquisition of Harman was done with the car in mind as well. “We see transformative opportunities in the car – and a future which seamlessly connects lifestyle across automotive, home, mobile, and work,” said Samsung Electronics President and Chief Strategy Officer (CSO) and Harman Board Chair Young Sohn.

Under the terms of the agreement, Samsung will retain all Harman International brands that Harman acquired before the Samsung acquisition, which, of course, includes AKG Acoustics, among other brands. Samsung has said it will also maintain Harman as a subsidiary along with its facilities and manpower, but Harman will be delisted from the New York Stock Exchange (a routine action for acquired companies).

Samsung’s Harman acquisition continues to emphasize the
Please, Log in or Register to view URLs content!
as the next big thing in the information technology (IT) sector. Though Harman now belongs to Samsung, the company known for its formidable acquisitions is still pushing forward with talks
Please, Log in or Register to view URLs content!
despite
Please, Log in or Register to view URLs content!
.

Please, Log in or Register to view URLs content!
 

Users who are viewing this thread

Top