Samsung Electronics said on Wednesday its unit Harman International signed a deal to acquire U.S. firm Masimo's audio business for $350 million.

The decision is part of Masimo’s previously declared strategic review of its consumer audio operations. Masimo stated that the divestiture will allow it to concentrate more on a

This move supercharges Samsung's ambitions in the premium audio space. Harman already owns a stable of respected audio brands, including JBL, Harman Kardon, AKG, Arcam, Mark