Samsung-based HARMAN International to acquire consumer audio business from Masimo for $350m.

Samsung-based HARMAN International, an electronics company, to acquire consumer audio business from Masimo, a health technology and consumer electronics company, for $350m. “Finding the right home for this business has been a stated priority of the new Board from day one, and this transaction represents an important milestone as we continue to position the Company to achieve our goals of accelerating revenue growth while delivering disciplined margins. Masimo has tremendous opportunities ahead and we are confident we have the right healthcare-focused strategy, experienced leadership team and culture of innovation in place to build on our significant positive momentum," Quentin Koffey, Masimo Vice Chairman.