Usually, American companies are on the auction block, only to be bought out by foreign companies and investors.
But in a rare move in the tech world, it's the other way around.
Matsushita- the owner of Panasonic and Victor Comapny of Japan (JVC) is selling the latter. Two American firms, one being Texas Pacific Group- the same folks who tried to buy PGE (Portland General Electric. They almost succeeded, but some ex-governor's shennannigans from 33 years ago kind of blew that apart, didn't it?...anyway...the other is Celeberus, a hedge fund).
What will this mean for those of us who own electronics from JVC?
The story from Reuters can be accessed by clicking on the title.
Copyright 2007, by Darren W. Alexander. All Rights Reserved.
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