Masimo to sell consumer audio business to HARMAN International for $350M

Masimo (MASI) “announced that it has entered into a definitive agreement to sell its Sound United consumer audio business to HARMAN International, a wholly-owned subsidiary of Samsung Electronics (SSNLF), for an aggregate purchase price of $350 million in cash, subject to certain adjustments. The sale follows the previously announced review of Masimo’s consumer audio business and will support the Company’s strategic focus on driving innovation in its core professional healthcare segment. The transaction is expected to close by the end of 2025, subject to receiving necessary regulatory approvals. The transaction is subject to the satisfaction or waiver of certain closing conditions, including the receipt of any required regulatory approvals.”