Harman International announces $8bn acquisition
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The company, whose brand portfolio includes leading professional audio brands including JBL, BSS, Soundcraft, AKG, dbx and Crown, will continue to be named Harman International Industries and Dr. Sidney Harman, founder and executive chairman, will remain executive chairman.
Dr. Harman stated: "We are pleased to reach an agreement with KKR and GSCP that 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. KK