Harman International

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Samsung Just Dropped $8B to Take You for a Drive

Eye on smart cars, electronics behemoth made biggest buy ever with Harman

(Newser) - Samsung is making an unlikely and uncharacteristic acquisition, and apparently it figured it had better go big or go home: The South Korean electronics giant on Monday dropped $8 billion on Harman International, a Connecticut-based audio pioneer known for car stereos that has, as the Wall Street Journal reports, sunk... More »

KKR Abandons Harman Buyout

Suitor cites 'material adverse change' in target's performance

(Newser) - Kohlberg Kravis Roberts and Goldman Sachs today called off their deal to buy out audio giant Harman International for $8 billion. The firms announced that a "material adverse change in Harman's business has occurred,'' one of the limited circumstances in which they could abandon the deal without getting... More »

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