Masimo Completes Divestment of Consumer Audio Business to HARMAN

Key Takeaways MASI sold Sound United to HARMAN, exiting consumer audio to refocus on healthcare.Proceeds will be used mainly for share repurchases, signaling confidence in MASI stock.Divestiture removes a drag, enabling MASI to expand innovation in patient monitoring.Masimo Corporation (MASI) recently announced the completion of the divestiture of its Sound United consumer audio business to HARMAN International, a subsidiary of Samsung Electronics. This transaction marks a pivotal step in Masimo’s strategy ...