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HARMAN Completes Sound United Acquisition to Expand Premium Audio Leadership

1. HARMAN acquired Sound United, previously part of Masimo Corporation. 2. The acquisition enhances HARMAN's portfolio in the consumer audio market.

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FAQ

Why Bearish?

The divestiture of Sound United may reduce Masimo's revenue streams, paralleling other cases where companies underperformed post-divestiture.

How important is it?

This move indicates major shifts in Masimo's business strategy, directly affecting investor confidence.

Why Short Term?

Immediate revenue concerns arise from the loss of a significant business unit, although long-term impacts depend on Masimo's strategic pivot.

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SAMSUNGAAPLSONY
STAMFORD, Conn.--(BUSINESS WIRE)--HARMAN International ("HARMAN"), a wholly-owned subsidiary of Samsung Electronics Co., Ltd., focused on connected technologies for automotive, consumer, and enterprise markets, today announced it has completed the acquisition of Sound United, the former consumer audio business of Masimo Corporation (NASDAQ: MASI). Sound United's portfolio of iconic audio brands includes Bowers & Wilkins, Denon, Marantz, Definitive Technology, Polk Audio, HEOS, Classé, and B.

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