Samsung finalized the acquisition of Harman and it “sounds” great

You get the hint? Harman is one of the top American companies in the world, that designs and engineers connected products for automakers, consumers and enterprises worldwide along with audio products.


Gizchina News of the week

Samsung announced the agreement today and mentioned that Harman will operate as a standalone Samsung subsidiary with current CEO Dinesh Paliwal keeping his seat. Young Sohn (the President and Chief Strategy Officer of Samsung Electronics) will now be Chairman of the board that will oversee Harman operations. He mentioned:

“Today is a historic moment for us. The close of this transaction opens the door to create substantial growth opportunities and deliver greater benefits for customers worldwide”

Samsung had already announced the deal back in November 2016, but it took them 3 months to finalize the deal, since the shareholders of the US company had to be… persuaded. Under the terms of the agreement Harman shareholders are expected to receive $112 per share, which is really impressive amount of money per share.


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  1. Karoon
    March 12, 2017

    Do I need to call my USB audio interface Samsung Lambda now?

  2. Treble G
    March 13, 2017

    Trump should have blocked it. It sucks that JBL speakers are no longer an American brand in the HiFi world.