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Samsung to purchase Harman International

Samsung to purchase Harman International
« on: November 14, 2016, 08:50:57 AM »
Samsung is set to acquire Harman International for approximately $8 billion. The bulk of Harman's business is been in the automotive world and Samsung sees this purchase as a way to get their software and displays into connected cars.

Harman owns the brands: JBL, Harman Kardon, Mark Levinson, AKG, Lexicon, and Infinity. In automotive applications, the company also has licenses with the Bowers & Wilkins and Bang & Olufsen brands. The car manufacturers that use Harman audio systems is: Mercedes, BMW, Dodge, Jeep, Hyundai, Kia, Volvo, Chrysler, Subaru, and more. About 65% of Harman’s reported sales last year were automotive-related. Harmon also has recently made deals with General Motors and Fiat.

More information: http://www.soundandvision.com/content/breaking-news-samsung-acquire-harman-international

richlife69

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Re: Samsung to purchase Harman International
« Reply #1 on: November 14, 2016, 06:39:55 PM »
Having once owned a Lexicon, this makes an interesting story.  And look at the rest of those Harmon brands...
Atmos/DTS:X Setup
Yamaha RX-A3060 w/ Elan Z-Fan; Config: 7.2.4 (switchable to 7.2.2 + Zone2)
Mirage Speakers: OM-6 (FLR), MC-si (C), OM-R2 (SLR), FRx-nine (BLR); ELAC A4s (FP), RSL C34Es (RP)
aci Titan subs (2) RP amp: AudioSource AMP100VS
OPPO 203;  LG OLED65B6; Harmony 650 and Hub

Re: Samsung to purchase Harman International
« Reply #2 on: November 18, 2016, 07:26:12 AM »
JBL owned by Samsung, wow.
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ellisr63

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Re: Samsung to purchase Harman International
« Reply #3 on: November 18, 2016, 09:26:26 AM »
I have mixed feelings on this. On the one hand I don't want to see a Company that is good go out of Business, but on the other hand I don't like to see a Monopoly either.
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richlife69

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Re: Samsung to purchase Harman International
« Reply #4 on: December 02, 2016, 11:39:44 AM »
Yeah.  My concern is that Lexicon, HK, JBL, etc. get driven down while we don't get a high end replacement from Samsung.  Or the monopoly "gives" the replacement at even more unrealistic costs.
Atmos/DTS:X Setup
Yamaha RX-A3060 w/ Elan Z-Fan; Config: 7.2.4 (switchable to 7.2.2 + Zone2)
Mirage Speakers: OM-6 (FLR), MC-si (C), OM-R2 (SLR), FRx-nine (BLR); ELAC A4s (FP), RSL C34Es (RP)
aci Titan subs (2) RP amp: AudioSource AMP100VS
OPPO 203;  LG OLED65B6; Harmony 650 and Hub