Wadia gets acquired

Did you guys see this bit of news???

Wadia gets acquired

I wonder what it means for Wadia's hi-end CDPs & transports??

bombaywalla12-31-2010 11:17pm

stereo5 Details Discussions Posts This discussion Message User 6,278 posts 12-31-2010 at 11:58pm Copy Comment URL Report Comment Edit Delete Another US company swallowed up by a Foreign concern. Bob
rel Details Discussions Posts This discussion Message User 221 posts 01-01-2011 at 02:20am Copy Comment URL Report Comment Edit Delete Well, Wadia think about that! (Sorry, but I've been waiting YEARS for a chance to work that in.) -
t_bone Details Discussions Posts This discussion Message User 1,182 posts 01-01-2011 at 01:34am Copy Comment URL Report Comment Edit Delete I would assume it means they continue to get made. Look what happened to Audio Research after Fine Sounds bought it. They're still there. Given that pro forma, AFTER the transaction, NewCo has $30mm in revenues (from Sonus Faber, ARC, and Wadia) suggests that none of them are knocking the cover off the ball. With this, Wadia gets an economically motivated non-US partner to try to expand sales of Wadia product elsewhere, and Wadia's previous owner has something (presumably) to show for his/her/their efforts til now.