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Masimo Completes Divestment of Consumer Audio Business to HARMAN
ZACKS· 2025-09-25 14:25
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 ...