Samsung Bets on Premium Sound With $350M Acquisition of Masimo’s Audio Business

SEOUL, May 7 (Korea Bizwire) — Samsung Electronics Co. said Wednesday that its automotive and audio subsidiary Harman International has signed a deal to acquire U.S.-based Masimo’s audio business for 500 billion won (US$350 million). Under the agreement, Masimo’s high-end audio brands, including Bowers & Wilkins, Denon, Marantz, Polk Audio and Definitive Technology, will join [...]