Harman In 7.8 Billon Buyout

Posted: Apr 26 2007, 9:58am CDT | by , Updated: Aug 11 2010, 1:37am CDT, in Technology News


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Harman in 7.8 billon Buyout

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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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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