Kenwood Announces Joint Venture with JVC
Posted on Wed, 25 Jul 2007 13:00:00 CDT | by Shane McGlaun
More Other Stuff News
Kenwood announced today that they and JVC will be teaming up to bring products to market in the car and home electronics arena to pool development and save costs. It seems that merging the two companies under a holding company is in discussions at this time.
The deal would have JVC issuing $290 million in new shares to Kenwood and top Kenwood shareholder, Sparx Group. Kenwood would then pay $167 million for 17% of JVC with Sparx buying an additional $125 million in JVC shares for a 12.8% stake in JVC.
Kenwood USA Corporation President Shoichiro Eguchi said: "Digital merchandise that requires large-scale investment for production and extensive software development is now the centerpiece of the consumer electronics industry. The overwhelming trend of digital merchandise is shorter product development cycles and fiercely aggressive pricing. This trend has made the consumer electronics market extremely competitive, however Japan Victor and Kenwood agree that a strategic alliance in car electronics and home/portable audio, as well as the unification of both companies' management, would bring opportunities for success in a challenging AV market." Via Kenwood
Posted on Wed, 25 Jul 2007 13:00:00 CDT | by Shane McGlaun
I4U Gadget Models
I4U News Product Reviews
All I4U News Categories
Hot Gadgets
- Takara Tomy Air Guitar Pro from Japan
2008-05-10 12:59:13
- Asus Eee PC 900 on Sale on NewEgg [Update]
2008-05-08 10:09:02
- Disney WALL-E Robot Toys Coming Soon
2008-04-30 07:21:00
- HYmini portable Power Generator on Sale
2008-04-24 00:40:48
- Amazon Kindle eBook Reader available again
2008-04-20 12:25:01
- Unique PS3 Laptop up for Charity Auction
2008-04-18 22:23:41
More Gadgets
Subscribe to I4U Gadget Flyer
Stay in touch with our weekly round-up of the Top 10 Technology stories with our free newsletter.

More stories