Masimo sells consumer audio business (Sound United) to Harman for $350M cash

MASIMO CORP

Sale of Viper Holdings (Sound United) to Harman International for base price of $350M cash, subject to working capital adjustments.
Business includes Bowers & Wilkins, Denon, Marantz, Polk, Definitive Technology, Classe, Boston Acoustics brands.
Transaction expected to close after regulatory approvals and customary conditions; Harman is a Samsung subsidiary.
Masimo retains its medical technology and non-audio businesses; proceeds used for general corporate purposes.

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