Filed under: News | Technology News
Harman in 7.8 billon Buyout
Apr 26 2007, 9:58am CDT | by Luigi Lugmayr
Harman International Industries, known for their Harman Kardon, JBL and Infinity audio brand is bought out by KKR and Goldman Sachs Group for about $7.8 billion.
The WSJ quotes the Harman founder Sidney Harman: "The agreement is in the best interest of our stockholders, presenting them with excellent value for their shares and the opportunity to participate in Harman's future growth."Harman is in the business since 54 years. Besides home entertainment Harman media and navigation systems are found in many luxury cars.
See also the Harman site.
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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years
experience in the technology field to the ever evolving and exciting
world of gadgets. He started I4U News back in 2000 and evolved it into
vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.
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