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March 29, 2013 08:13 am EST
Original Link: http://www.engadget.com/2013/03/29/gibson-buys-stake-in-teac/
Guitar maker Gibson buys majority stake in TEAC, develops taste for electronica
That gruff American rocker, Gibson Guitar, has gotten tired of its old life. Instead of just suing copycats and putting out the occasional robot axe, it's now looking to diversify, having spent $52 million on a 54 percent stake in Japanese firm TEAC. The last we heard from TEAC, it was making things like headphones and retro-styled radios, which maybe gives us a hint as to where this new partnership is headed. After all, it's not like the path between music brand and consumer electronics hasn't been trodden to a pulp already.
Filed under: Home Entertainment, Portable Audio/Video, HD
Source: AV Watch (Japanese)
Original Link: http://www.engadget.com/2013/03/29/gibson-buys-stake-in-teac/
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Engadget
Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WIMore About this Source Visit Engadget