Masimo to Sell Consumer Audio Business to HARMAN International Divestiture Supports Masimo's Focus on Core Professional Healthcare Business and Delivering Market Leading Innovation

Masimo to Sell Consumer Audio Business to HARMAN

Divestiture Supports Masimo's Focus

on Core Professional Healthcare Business and Delivering Market Leading Innovation

IRVINE, Calif.-May 6, 2025-Masimo Corporation (Nasdaq:

MASI), a leading global medical innovator, today announced that it has entered into a definitive agreement to sell its Sound United consumer

audio business to HARMAN International ("HARMAN"), a wholly-owned subsidiary of Samsung Electronics Co., Ltd., for an

aggregate purchase price of $350 million in cash, subject to certain adjustments. The sale follows the previously announced review of

Masimo's consumer audio business and will support the Company's strategic focus on driving innovation in its core professional

healthcare segment. The transaction is expected to close by the end of 2025, subject to receiving necessary regulatory approvals.

Quentin Koffey, Vice Chairman of Masimo's Board of Directors,

stated, "Finding the right home for this business has been a stated priority of the new Board from day one, and this transaction

represents an important milestone as we continue to position the Company to achieve our goals of accelerating revenue growth while delivering

disciplined margins. Masimo has tremendous opportunities ahead and we are confident we have the right healthcare-focused strategy, experienced

leadership team and culture of innovation in place to build on our significant positive momentum."

Dave Rogers, President of HARMAN's

Lifestyle division, said, "This acquisition represents a strategic step forward in the expansion of HARMAN's core audio business

and footprint across key product categories such as Home Audio, Headphones, Hi-fi components, and Car Audio. It complements our existing

strengths and opens new avenues for growth. Sound United's portfolio of world-class audio brands including Bowers &

Wilkins, Denon and Marantz, will join HARMAN's iconic family of brands, including JBL, Harman Kardon, AKG, Mark Levinson, Arcam,

and Revel. Built on a shared legacy of innovation and excellence in audio technology, this combined family of brands, together with the

talented employees of both companies, will deliver complementary audio products, strengthen our value proposition and offer more choices

Katie Szyman, Chief Executive Officer of Masimo, said, "Since

I took over as CEO, a key objective has been refocusing our business to ensure we are allocating time and resources to areas of unmet

clinical need and driving growth and operational efficiencies. This transaction aligns with these objectives. Our consumer audio business

and its talented team will be well positioned for growth and success under HARMAN's leadership."

The transaction is subject to the satisfaction or waiver of certain

closing conditions, including the receipt of any required regulatory approvals.

Centerview Partners LLC and Morgan Stanley & Co. LLC served

as financial advisors to Masimo and Sullivan & Cromwell LLP served as legal advisor to Masimo in connection with the transaction.

Masimo (NASDAQ: MASI) is a global medical technology company that develops

and produces a wide array of industry-leading monitoring technologies, including innovative measurements, sensors, patient monitors, and

automation and connectivity solutions. In addition, Masimo Consumer Audio is home to eight legendary audio brands, including Bowers &

Wilkins, Denon, Marantz, and Polk Audio. Our mission is to improve life, improve patient outcomes, and reduce the cost of care.

HARMAN (harman.com) designs and engineers connected products and solutions

for automakers, consumers, and enterprises worldwide, including connected car systems, audio and visual products, enterprise automation

solutions; and services supporting the Internet of Things. With leading brands including AKG , Harman Kardon , Infinity ,

JBL , Lexicon , Mark Levinson and Revel , HARMAN is admired by audiophiles, musicians and the entertainment venues where

they perform around the world. More than 50 million automobiles on the road today are equipped with HARMAN audio and connected car systems.

Our software services power billions of mobile devices and systems that are connected, integrated and secure across all platforms, from

work and home to car and mobile. HARMAN has a workforce of approximately 30,000 people across the Americas, Europe, and Asia. In 2017,

HARMAN became a wholly owned subsidiary of Samsung Electronics Co., Ltd.

Forward-Looking Statements - Masimo

All statements other than statements of historical facts included in

this press release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future

are forward-looking statements including, in particular, the statements about our expectations regarding the expected timeline to closing

of the transaction. These forward-looking statements are based on management's current expectations and beliefs and are subject

to uncertainties and factors, all of which are difficult to predict and many of which are beyond our control and could cause actual results

to differ materially and adversely from those described in the forward-looking statements. These risks include, but are not limited to,

those related to (i) the inability to obtain, or delays in obtaining, any required regulatory or other approvals for the transaction,

or failure to consummate or delay in consummating the transaction for any other reasons; (ii) the risk that a condition to closing

of the transaction may not be satisfied; (iii) the occurrence of any event, change or other circumstances that could give rise to

the termination of the transaction; (iv) the outcome of any legal proceedings that may be instituted following announcement of the

transaction; (v) potential unfavorable reactions to the transaction by customers, competitors, suppliers, employees and Company stockholders;

and (vi) each party's ability to satisfy its respective obligations in connection with the transaction; and other factors discussed

in the "Risk Factors" section of our periodic reports filed with the Securities and Exchange Commission ("SEC"),

including our most recent Form 10-K and Form 10-Q, all of which you may obtain for free on the SEC's website at www.sec.gov.

You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, even if subsequently

made available by us on our website or otherwise. We do not undertake any obligation to update, amend or clarify these forward-looking

statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities

Phone: (949) 396-3376

Email: elamb@masimo.com

Longacre Square Partners

Phone: (949) 297-7077

Email: ekammerman@masimo.com

Phone: +49 171 867 4151

Email: carole.campbell@harman.com

Phone: (203) 554-9103

Email: Darrin.shewchuk@harman.com