Audiovox Communications Officially Sold
Nov 2, 2004, 2:24 PM by (staff)
Audiovox Corporation announced late yesterday that it has completed the sale of its cellular subsidiary, Audiovox Communications, to UTStarcom. The $165 million cash deal, initially announced in June, officially closed Monday afternoon after receiving regulatory and shareholder approval. Toshiba's former 25% stake was repurchased as part of the terms. The new company will be known as UTStarcom Personal Communications.
What about Toshiba?
so long audiovox!!!
we're all gonna miss you. One of the best phones I ever owned was the vx4000. Even though you haven't made anything that good ever since my heart goes out to you
Wasn't the VX4000 made by LG?
Shalam continued, "The net proceeds from today's transaction will give Audiovox Corporation substantial capital, which in turn will place us in a strong position to further enhance the Audiovox brand and ...