Voxx and Sharp are in talks to buy struggling Onkyo brand because of their financial problems
Sharp and Voxx are in talks to take over Onkyo. The struggling Japanese audio brand is reported to be on the verge of financial collapse, so this could be the Osaka-based firm's last roll of the dice.
"VOXX International Corporation today announced that it has signed a Letter of Intent to acquire the Home Audio/Video business of Onkyo Home Entertainment Corporation, along with Sharp Corporation as its partner," reads the official investor note on on Voxx's website.
Voxx owns a number of audio brands, including premium loudspeaker outfit Klipsch. Voxx and Onkyo already have close ties – last August, Onkyo reached an agreement with Voxx International Corp to replace Onkyo USA as its US distributor.
Sharp also already works hand-in-hand with Onkyo, having produced Onkyo-branded products at its Malaysian manufacturing plant since 2017. The same plant also turns out Pioneer AV equipment, which Voxx distributes across North America. So the three firms aren't exactly strangers.
Founded in 1946, Onkyo has been a household name in the speaker, turntable and stereo amplifier markets for decades. The first indication that all was not rosy came in 2019 when Onkyo tried and failed to sell its audio business to Sound United – owner of Denon and Marantz – for a reported $73m (approx £53m, AU$95m).
My Favorite DACs, Amps & IEM Earphones
Thieaudio Oracle & Excalibur Tribrid IEM
https://s.click.aliexpress.com/e/_99Z4aD
BQEYZ Summer Earphone
https://s.click.aliexpress.com/e/_A4vrOY
Whizzer Audio Kylin HE01 Earphone
https://s.click.aliexpress.com/e/_A9AGwU
SHANLING UA1 USB C DAC AMP
https://s.click.aliexpress.com/e/_9RVBdW
Shanling UA2 ES9038Q2M USB DAC AMP
https://s.click.aliexpress.com/e/_AbV9tI
Xduoo XD05 BAL DAC Amplifier
https://s.click.aliexpress.com/e/_9iwVzU
FiiO LC-BT1 Bluetooth Earphone cable
https://s.click.aliexpress.com/e/_ACQ8ra
FiiO BTR3K AK4377A USB DAC AMP
https://s.click.aliexpress.com/e/_9uzCnI
Fiio FD5 Beryllium Earphone
https://s.click.aliexpress.com/e/_AqJupf
https://s.click.aliexpress.com/e/_AciCCA
JadeAudio(FiiO) EA1 Earphone
https://s.click.aliexpress.com/e/_A3Mf9q
KZ EDX Earphone
https://s.click.aliexpress.com/e/_A68SzK
KBEAR KS1 Earphone
https://s.click.aliexpress.com/e/_AV02tw
KBEAR Expansion 24 Cores Cable
https://s.click.aliexpress.com/e/_9yg8Vv
KBEAR Limpid Pro 8 Core Pure Silver Cable
https://s.click.aliexpress.com/e/_A1XYGR
KBEAR S1 Bluetooth Earphone Cable
https://s.click.aliexpress.com/e/_ALxZmP
KBEAR 10 Silicone Wide Bore Eartips
https://s.click.aliexpress.com/e/_9i32KS
Topping NX1s Headphone Amplifier
https://s.click.aliexpress.com/e/_dTJjXKx
My Filming Rig For This Channel
PULUZ 4 in 1 Vlogging Live Broadcast Smartphone Video Rig +4.6 inch LED Selfie Ring Light & Microphone +Tripod Mount+Tripod Head
https://s.click.aliexpress.com/e/_AkT0YW
Deity V.Lav Professional Microphone
https://s.click.aliexpress.com/e/_ALvT8a
LG V60 ThinQ V600AM
https://s.click.aliexpress.com/e/_9gB9B0
Send Me Cash Token Via Bitcoin
19AAqUZRd8aeh9DYN1yHNZ6nqn712HHrCa
You can Send us products for review
avatmos.com@gmail.com
avatmosall@gmail.com
Support us on patreon
https://www.patreon.com/Avatmos
Our website
https://avatmos.com/
Our Shopping Store
https://www.jumia.com.ng/atmos-all/
https://www.jumia.com.ng/av-atmos-store/
Social Media Handles
https://www.youtube.com/c/AVAtmos
https://www.instagram.com/avatmos
https://m.facebook.com/AVATMOS
Follow me on
https://m.facebook.com/immaculate.mbaezue
https://www.instagram.com/immaculatembaezue/
https://mobile.twitter.com/IMbaezue
Dolby Atmos DTS:X IMAX Enhanced Auro-3D Home Cinema 7.1.4 setup