Sunday, 06 October 2019 07:30

Sound United don`t buy Onkyo - Pioneer after all. Featured

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Onkyo announced yesterday that the agreement entered into in May on the acquisition of Onkyo and Pioneer is being terminated.

In mid-May, we announced that an agreement had been made for Sound United to acquire Onkyo Corporation's Home Audio Division. Implementation was to take place on 30 November.

Onkyo announced yesterday, October 4, that this agreement has been canceled, after it became clear that all the conditions in the agreement were not possible to implement. Nevertheless, Onkyo expresses its belief that the agreement could be good for both parts and that they are no stranger to resuming negotiations later.

 

Read more about this theme at Onkyo .

 

Last modified on Sunday, 14 June 2020 10:15
Karl Erik Sylthe

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