Masimo to sell Sound United consumer audio business to HARMAN for $350M cash

MASIMO CORP

Sale to HARMAN, a Samsung subsidiary, for $350M in cash, subject to adjustments.
Divestiture supports Masimo's strategic refocus on core professional healthcare business.
Expected to close by end of 2025, pending regulatory approvals and customary conditions.
Sound United brands include Bowers & Wilkins, Denon, Marantz.
Centerview Partners and Morgan Stanley acted as financial advisors to Masimo.

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