Samsung's acquisition of Harman finalized

Samsung Electronics has completed the acquisition of Harman, the company revealed in a statement today. The deal, announced last November, was initially met with opposition by Harman shareholders, but was later approved, and has now been finalized. Stockholders will receive $112 per share.
The necessary approvals by US and other countries' regulatory bodies have also been acquired.
Harman will operate as a standalone Samsung subsidiary with current CEO Dinesh Paliwal keeping his seat. President and Chief Strategy Officer of Samsung Electronics Young Sohn will be chairman of the board that will oversee Harman operations. No changes will be made to Harman's work force, headquarters, and facilities.
Source

Comments

Post a Comment

Kindly Comment Only related to Post

Popular posts from this blog

New 3DS XL Charging Cradles at Club Nintendo

Image
Coming October 31 in a bunch of colors. The Nintendo 3DS XL is a hefty piece of portable gaming hardware , and sometimes you may not feel like fumbling around with the tiny little connector on the end of an AC adapter. Currently, Nintendo sells a docking cradle for the 3DS XL, but it's only available in black. Just in time for Halloween, Club Nintendo members will be able to cash in some coins for giant charging pads in five new hues. According to the Club Nintendo site , the charging station will set you back 500 coins when it launches in the rewards catalog on October 31--a black 3DS XL charging cradle is currently priced at $19.99 on Nintendo's online store. Given the exclusivity of the colors, and the way rewards items have a tendency to sell out quickly on Club Nintendo, you may want to plan accordingly. The new cradles will be available in blue, red, yellow, green, and white. Nintendo announced the Elite Status gifts for Club Nintendo members back in J...
Read more

Google Pixel C tablet makes it to the UK, yours from £399

Image
After having become available to purchase in the US yesterday, Google's Pixel C tablet is now also up for grabs in the UK. As is always the case with these things, the pricing is different across the pond. In the UK, the 32GB version of the tablet can be yours for £399, while the 64GB model goes for £479. The two keyboard docks - regular and folio - are both sold separately and priced at the same £119. The Google Store offers free delivery for your order, and if you buy a Pixel C it will be shipped in 1-2 working days. The silver tablet is made from anodized aluminum and has a 10.2-inch 2,560x1,800 LCD touchscreen, the Nvidia Tegra X1 chipset powering it, 3GB of RAM, an 8 MP rear camera, a 2 MP front-facing unit, Wi-Fi, Bluetooth, a USB Type-C port, and a 34.2 Wh battery. It runs Android 6.0 Marshmallow.
Read more

App Store Update: December 18

Image
Clementine's story continues in the App Store while the price of Deus Ex: The Fall has fallen to 99 cents. Every day hundreds of new apps make their debut on the App Store, and hundreds more are updated or reduced in price. We have sifted through the noise and highlighted those select few that might be worth your attention. For more mobile game trailers, reviews and news be sure to  Subscribe to IGNMobileGames on YouTube . Note: The prices and deals compiled below are accurate at the time we published this story, but all are subject to change. Game Debuts Walking Dead: The Game – Season 2 – ($4.99) Clementine's story continues starting today, as Episode 1 of Telltale's second season of The Walking Dead is now live in the App Store. Downloading the app for $4.99 nets you access to that first piece of the new five-part season, and you can also pre-buy the remaining four episodes for a sale price of $14.99 right now. ...
Read more