SEOUL, May 7 (Reuters) - Samsung Electronics ( SSNLF )

said on Wednesday its unit Harman International signed a deal to

acquire U.S. firm Masimo's ( MASI ) audio business for $350 million.

It plans to combine Masimo's ( MASI ) audio business with Harman to

strengthen its global leading position in the consumer audio

market, which is expected to grow from $60.8 billion in 2025 to

$70 billion in 2029, Samsung said in a statement.

Samsung said it expects the acquisition to create synergy

with the company's existing mobile, television, and home

appliance businesses, and strengthen competitiveness in

differentiated sound and audio technologies.

In March, Samsung said during its annual shareholder

meeting that it

would pursue "meaningful" mergers and acquisition

to address investor concerns about growth and was

determined to produce tangible results this year.