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...

KKR Abandons Harman Buyout
KKR Abandons Harman Buyout

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...

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