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-   -   Samsung to buy Harman for $8B (https://www.audioaficionado.org/showthread.php?t=37599)

BillK 11-14-2016 07:58 AM

Samsung to buy Harman for $8B
 
Wow.

Quote:

It may not be the deal of the decade, but it's still mighty big. Samsung, which has recently been battling the reputational damage caused by its exploding Galaxy Note 7 smartphones, has announced this morning that it is taking over US audio giant Harman International.

Harman, which owns brands including Harman Kardon, AKG, JBL, Mark Levinson, Revel, Infinity and Lexicon, also has a strong presence in the automotive audio market, providing in-car systems for the likes of BMW and Lexus. Harman also recently bought Bang & Olufsen's in-car division for $145m.
Samsung to buy Harman for $8B

audioguy3107 11-14-2016 08:48 AM

Wow! That is big news when it comes to audio/video!

cma29 11-14-2016 09:10 AM

It's mostly for the car business.

cmalak 11-14-2016 12:22 PM

Quote:

Originally Posted by cma29 (Post 813349)
It's mostly for the car business.

It's all for the car business. The high-end audio portion of Harman is insignificant.

Pampero 11-14-2016 06:16 PM

Just before Sid Harman died, the management team was reshuffled and the company gave up all pretenses of US manufacturing. It began going global a decade or more before that, but the real indicators weren't yet in place. Without desire to appear prejudiced and with no intent apart from suggesting when the dominoes began to fall. The installation of Dinesh Paliwal, Harman's replacement CEO, was quickly followed by the appointment of a large team of Indian engineers. Specialty divisions retained most of their domestic engineers and management, but you could see the changes coming fast and hard. Since that time about 6 or 7 years ago, the writing has been on the wall. I got the news the same as everybody else did, but was not surprised. I suspect there will be significant refocusing that may not be to the benefit of audiophiles and pro audio practitioners. I hope they surprise me, but I don't expect them to. I still have a number of friends involved with the company and I'd suspect they'll all be on the hunt for new jobs now. I wonder what happens now at Revel and Levinson. Maybe they remain, but I have a hunch they won't be the same.

W9TR 11-14-2016 07:10 PM

It's really hard to tell what's going to happen to the Pro and high end side. They could even be packaged up and sold. I can't say Harman has done a good job with the assets they acquired, so maybe new ownership will be better. Time will tell.

Masterlu 11-14-2016 07:22 PM

As a Harman dealer, I have no complaints.

jdandy 11-14-2016 11:02 PM

http://www.craveonline.com/images/st...nding_Nemo.jpg


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