SEOUL, Samsung Electronics Co. said Tuesday its automotive and audio electronics subsidiary Harman International has acquired the U.S. music streaming platform Roon in a bid to expand its presence in the digital audio sector.<\/P>
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The New York-based Roon is a comprehensive music management and listening solution catering to music enthusiasts, supporting all major operating systems and manufacturing hardware server appliances called Nucleus, according to Samsung.<\/P>
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However, specific financial details of the acquisition were not disclosed.<\/P>
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Harman expects the acquisition will diversify its business portfolio by tapping into Roon’s open device ecosystem that includes collaborations with more than 160 other audio brands.<\/P>
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“At Harman we take great pride in our ability to create exceptional audio experiences for our partners and consumers around the world,” Dave Rogers, president of Harman’s lifestyle division, said in a statement. “The team at Roon shares our passion in bringing exceptional sound and connectivity to music lovers as they browse, discover, and listen at home and on the go.”<\/P>
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The company said Roon will continue to operate independently following the acquisition.<\/P>
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Samsung, the world’s largest memory chip and smartphone vendor, completed its acquisition of Harman for US$8 billion in March 2017 to expand into the rapidly growing in-vehicle electronics market.<\/P>
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Source: Yonhap News Agency<\/P>
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