Consolidation cancelled

Sound United cancels Onkyo-Deal

Surprising news from California: Sound United, the parent company of Denon, Marantz and other brands, announces that the takeover negotiations with Onkyo have been cancelled.

In May 2019, the two companies had agreed, albeit subject to certain conditions, upon Sound United purchasing the consumer audio division of Onkyo Corporation, which includes Pioneer's audio-video division. Now it was announced in most diplomatic language: that "both companies have agreed that it is in the best interest of both sides to terminate the planned acquisition." One can only speculate about the reasons - possibly the antitrust hurdles were too high. After all, a conglomerate of Denon, Marantz, Onkyo and Pioneer would have dominated the market, especially in the AV-receiver sector. Sound United is now striving for "organic growth with the existing brands" and "sensible acquisition", according to the press release.


Latest News

New music server Melco N1-S38

Melco With New Music Server Flagship "N1-S38"

With many new designs and technologies, the new Melco N1-S38… Read more

The new Klipsch subwoofer RP-1200SW

Four New Klipsch Reference Premiere Subwoofers

Klipsch presents the new Reference Premiere subwoofers, which are… Read more

The new integrated amplifier Moon 250i V2

Update for Moon Amplifier: New 250i V2

The new V2 version of the Moon 250i integrated amplifier is said… Read more

New speakers Wharfedale Dovedale

Dovedale: New Flagship for Wharfedale Heritage Series

The retro speaker series "Heritage" from British manufacturer… Read more

Salon Audio Montréal Audiofest 2023 Including Enjoy the Press Part

Salon Audio Montréal Audiofest 2023 Including Enjoy the Press Party

The Salon Audio Montréal Audiofest will host its 34th edition… Read more

Suesskind Audio Kronos MK 2

New Kronos MK2 Speakers from Suesskind Audio

German hi-fi-legend Joachim Gerhard wants to prove his skill once… Read more

Top-Articles from the archive

STEREO Magazine Newsletter

Subscribe to our newsletter and don't miss a new issue anymore!

Register now