After the deal faced several obstacles during the past few months, Samsung announced a little while ago for the completion of the acquisition of Harman International Industries a leader in the field of music, entertainment systems for the automotive company to join the Harman Samsung Electronics group once and for all.
According to the statement, the Samsung deal cost the company $ 8 billion, compared to $ 112 per share and the deal has been approved by the shareholders in addition to all regulatory authorities in the United States to become Harman 100% owned by Samsung.
Happy to merge the two companies as executive director of strategy at Samsung confirmed that they are happy with the completion of this transaction and will help to Harman in enhancing the capabilities of Samsung's manufacturing through innovative audio solutions offered by it in the automotive and home audio and video devices such as TV and other screens.
For his part, Dinesh Balewal CEO of Harman said that this merger represents a new opportunity for the company to progress, innovation and expansion in the global market leadership in audio technology.
Source Agencies