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Samsung closes on its $8 billion purchase of Harman International

Posted: , by Alan F.

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Samsung closes on its $8 billion purchase of Harman International
Samsung announced early today that it has closed on the purchase of technology company Harman for a total of $8 billion. The deal was originally announced back in November and under the final terms, Harman stockholders will receive $112 a share. Harman produces plenty of products for the auto industry, but also owns several well known consumer audio brands such as Harman Kardon and JBL.

Both Harman Kardon and JBL have had their name on certain smartphones and accessories. A JBL speaker is available as a Moto Mod modular accessory for the Moto Z series. Meanwhile, HTC had offered a special Harmon Kardon edition of the HTC One (M8). In addition, Microsoft plans on making a Harmon Kardon powered smart speaker similar to Amazon's Echo device. Instead of Alexa, Cortana will provide the cloud based answers.

"We are excited to have completed the transaction, which provides compelling cash value to our stockholders, benefits our customers and provides new opportunities for our employees. Samsung shares our commitment to our customers and our culture of speed, innovation and execution. Samsung provides Harman with the scale, platform and complementary technologies to accelerate growth and extend our global market leadership in automotive, smart audio and connected technologies. Recognizing the importance of partnerships in an increasingly connected world, particularly in automotive, we are poised to leverage our combined teams and resources to produce even greater value for our customers. Working closely with automakers and other technology companies, Samsung and Harman will define – and drive – the future of automotive."-Dinesh Paliwal, president and CEO, Harman

Harman's shares which closed Friday at $111.50, will be delisted before Monday's opening on U.S. stock markets.

source: Samsung

15 Comments
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posted on 11 Mar 2017, 16:20 3

1. Mixkhata1 (Posts: 141; Member since: 26 Feb 2017)


I hope this audio-tech makes it to Galaxy S9(2018). It's too late for S8 anyway. Maybe Note 8 would get it but chances are slim. Plus, I'd LOVE to have front-firing dual speakers on future flagships EVEN at the cost of having a li'l bigger bezels. And please, don't repeat the say thing over and over that mobile speakers cannot be good as the real deal but, when you're alone in your apartment, on a saturday night, watching something on your phone in the comfort of your bed, you know you'd want to NOT plug the headphones and listen from the front speakers (that is, if you have a girlfriend, unlike me, in which case I'd suggest you better listen to her, and PLUG you JACK to listen to her mesmerizing moans. LOL

posted on 11 Mar 2017, 17:23 2

2. Subie (Posts: 1318; Member since: 01 Aug 2015)


Current flagships like the Blackberry Dtek60 already have dual front firing speakers using Harman's JBL speaker tech. Though once this deal goes through, who knows if Samsung may or may not licence their speaker tech to companies such as TCL.

posted on 11 Mar 2017, 19:07 1

4. Klinton (Posts: 770; Member since: 24 Oct 2016)


Stop with this 'front-firing speakers' BS already. LOL
Time to learn about acoustic.

posted on 11 Mar 2017, 19:19 4

5. Mixkhata1 (Posts: 141; Member since: 26 Feb 2017)


It's NOT BS if it's true. Ever heard how good HTC M8 and M9 were in audio department? No? Go check it out. There is a reason HTC is famous among audiophiles.

posted on 12 Mar 2017, 19:44 1

12. cmdacos (Posts: 552; Member since: 01 Nov 2016)


Must be why HTC sells so great too /s

posted on 11 Mar 2017, 19:31 3

6. NoToFanboys (Posts: 2927; Member since: 03 Oct 2015)


Stop talking like everyone should have the same opinion as you.
Time to learn about subjectivity.

posted on 11 Mar 2017, 23:18 1

8. tedkord (Posts: 13776; Member since: 17 Jun 2009)


It's not BS just because you say so. I've used both, and FFS is the way to go.

posted on 12 Mar 2017, 06:51 2

9. dazed1 (Posts: 541; Member since: 28 Jul 2015)


shut it noob, stereo speakers are amazing.

posted on 11 Mar 2017, 17:44 2

3. trojan_horse (Posts: 4569; Member since: 06 May 2016)


Nice to see Samsung finalising this deal, as I hope it'll significantly increase the quality of Smthe speakers in Samsung's smartphones... especially the flagships.

posted on 11 Mar 2017, 23:17 1

7. tedkord (Posts: 13776; Member since: 17 Jun 2009)


Maybe some FFS with a really high end DAC in the Note 8? Come on, Samsung, I've asked nicely for years.

posted on 12 Mar 2017, 10:10

10. ElenaSandy (Posts: 12; Member since: 20 Nov 2015)


The union of two kings, love it!

posted on 12 Mar 2017, 15:51

11. SIGPRO (Posts: 1862; Member since: 03 Oct 2012)


Way better than those crappie Beats!

posted on 12 Mar 2017, 19:53

13. cmdacos (Posts: 552; Member since: 01 Nov 2016)


If ffs come, they need to hide them some how. I don't want the front of my phone to be messed up with speaker grills.

posted on 12 Mar 2017, 19:56

14. TechieXP1969 (Posts: 14041; Member since: 25 Sep 2013)


stereo speakers on phomes is dumb. because the speakers are not farenkugh apart to get the full effect.

also thr speakers are ao small the music is never going be clear.

but if they put a real DAC and a high quality sound processor and include somw really nice headphones; then it will be great.

the speakers on the original Tab S are cbriap and clear and pretty loud. the sound appears tp have surround and it sometimes sounds ro be around you.

FFS om a phone is a complete waste of time. this phone and anything similar is a complete waste of money.

posted on 12 Mar 2017, 20:00

15. TechieXP1969 (Posts: 14041; Member since: 25 Sep 2013)


LG VX9200 was the first phone i can think of tat had dual front facing speakers. loud but they y sounded terrible.

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