Yes, it's been really obvious for a while, but it seems the deal has been finalized.
I am not even sure what will happen to A&K. Maybe it will be status quo, or SKT may force iRiver to make cheaper A&K model, or just terminate the brand altogether and absorb HR.
I must remind you guys that SKT Telecom, like many other telecommunication companies around the world, think only about smartphone smartphone smartphone. Or app app app app. Or accessories accessories accessories.
They don't really care about audiophile market much.