Bang & Olufsen for sale - official anouncement today

105 replies
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It is not the first time, that Børsen has announced this.

MM

Location: Flensborg————Danmark

Yar, it's on the official site. But I thought that it had been for sale for over a year now???

http://az498215.vo.msecnd.net/static/files/1507_F_UK.pdf

/forum/general-discussion-and-questions/interesting-company-announcement

@Vikinger, sorry for the double dipping. Will remove my thread soonish, didn't see yours when inposted mine.

Ferdinand wrote:
@Vikinger, sorry for the double dipping. Will remove my thread soonish, didn't see yours when inposted mine.

Not my thread Ferdinand! Don't worry, as Mika says in the other thread, evidently of little interest to anyone!

Graham

Whilst the company has sought buyers before this looks more likely given they are now in talks with potential buyers. See UK newspaper report:

http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/12019139/Bang-and-Olufsen-in-talks-over-sale.html

"The retailer has posted annual losses over the past three fiscal years as more people listen to music on their mobile devices and after failing to attract younger consumers."

I hope the buyer will not just be buying the badge.

 I would think the loudspeaker portion of the business would be the most interesting part left.   Maybe Scan Speak is interested?

 Scan Speak was bought out by Eastern Asia Technology (HK) Limited which is a fully owned subsidiary of Eastern Technologies Holding Limited ("KYET"). KYET was established in 2011 as a group of companies listed on the Taiwan Stock Exchange (TSE stock code: 5225) and is an offshoot of an original group of companies that were formed in 1971. 


KYET is an OEM/ODM speaker systems and earphones manufacturer and possesses the most comprehensive acoustic, structural and driver development and engineering team in the industry. They are a strategic partner, and co-develop new products with the top five international audio-video electronics brands. KYET is committed to provide the highest quality and most efficient professional services via its endeavors to enhance its core competency and competitiveness, and by keeping abreast of the market trends.

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