Sound United Deal to Acquire Onkyo & Pioneer Is Dead

[HDTV1080P]

quote

"If the deal had gone through, the venerable Onkyo and Pioneer brands would have become part of Sound United’s growing stable of brands, which includes Denon, Marantz, Polk Audio, Definitive Technology, Heos, Classé, and Boston Acoustics.

Anyone who worried about the prospect of having four iconic receiver brands owned by the same company can, at least for now, breathe a sigh of relief.
We’ll have to wait and see what the move means. A new round of tech competition among AVRs would not be a bad thing."

Read more at https://www.soundandvision.com/conte...5krm3DTe1HS.99

[ZoetMB]

I bet it came down to due diligence. Revenues and/or expenses probably weren't as claimed or since the original announcement, fortunes have declined. Or maybe it had to do with tariffs.

Or maybe they thought it wouldn't pass government approval in some countries.