Audiovox to buy Klipsch, we can’t help but worry

Audiovox to buy Klipsch, we can’t help but worry
It’s true. Audiovox , a relative no-name in terms of consumer end products in the music industry, has just signed a non-binding term sheet to purchase all of the shares of Klipsch Group and its worldwide subsidiaries. We’re told that the transaction is subject to a number of contingencies, “including satisfactory completion of due diligence, negotiation and signing of definitive agreements and …
Read more on Engadget

GENERAL MUSIC INDUSTRY: Latest Emi News: Pink Floyd Resigns, but March Miracle Sill Needed
Despite a recent court ruling that a deal signed in the pre-download age could be not applied to digital sales, Pink Floyd has dropped its lawsuit against EMI and resigned. “All legal disputes between the band and the company have been settled as a result of this new deal,” EMI said in a statement. But EMI’s troubles are far from over and an end of March deadline looms…
Read more on All About Jazz