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Breaking news! Chinese company acquires Stax..  

post #1 of 330
Thread Starter 

"At Edifier’s eleventh meeting of the Board of Directors December 7, 2011 meeting, considered by “the acquisition of Japanese STAXLtd. 100% stake in the motion.” The Board confirms that its own funds, in cash to acquire Japanese STAXLtd.100% equity, the transaction price of 120 million yen (according to December 6, 2011 Exchange 100 yen exchange 8.1411 yuan exchange rate, equivalent to 9.77 million yuan) . “Equity Transfer Contract” on December 6, 2011 signed, and in consideration by the Board of Directors and approved by relevant Chinese department of commerce for the record effect only."

 

9.77m Chinese Yuan=1.5m USD

 

PS. Sorry for the typo, it is 1.5m USD


Edited by brobilly - 12/9/11 at 7:38pm
post #2 of 330

Hmm....

post #3 of 330

will this acquisition have any impact on sound? 

post #4 of 330

I wonder if Stax will go back into "insanity mode", just like old times.

post #5 of 330
Thread Starter 

I think the Stax headphones will still be made in Japan...

OR

with the cheaper labor in China, we might have cheaper stax headphones. :)

post #6 of 330

Noooooooooo!

post #7 of 330

Please, Chinese company, do not ruin this brand. My halo can is in your hands now, and I will not see it damaged.

post #8 of 330
popcorn.gif
post #9 of 330

WHAT!? Didn't expect this so soon after getting some Stax equipment for myself.

 

But as long as product quality doesn't suffer, that's what matters. (And if it does...well, we'd better maintain the existing Stax hardware as best as we can.)

 

...Wait a minute. Where's your source?

post #10 of 330
Quote:
Originally Posted by NamelessPFG View Post

 

...Wait a minute. Where's your source?



This isn't the science forum, you have no right to ask that.  o2smile.gif

post #11 of 330

STAX will go the way of QUAD.

Not all bad. But not all good.

post #12 of 330

Will we see cheaper Stax?

post #13 of 330
Quote:
Originally Posted by saisunil View Post

Will we see cheaper Stax?


Do companies buy other companies to make a loss?  

 

post #14 of 330

!@#!  Hopefully the 009 will not be the last great stax.  Or maybe they will start cranking out crap tons of new products faster than we can buy ><

post #15 of 330

 

Quote:

Will we see cheaper Stax?

 

We'll see stax of clones........

100x74px-LL-f6574739_AnimatedGIF-ROFLMOASmiley.gif

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