Published On: January 10, 2011

Audiovox to Buy Klipsch

Published On: January 10, 2011
Last Updated on: October 31, 2020
We May Earn From Purchases Via Links

Audiovox to Buy Klipsch

Wells Fargo is giving Audiovox financial advice in its planned purchase of Klipsch, a company that is a much-respected purveyor of audio products. Both Audiovox and Klipsch had separate displays at CES 2011, but it seems that the former company is purchasing the latter via stock shares.

Audiovox to Buy Klipsch

  • The staff at is comprised of experts who are dedicated to helping you make better informed buying decisions.


An official announcement was just made by Audiovox, revealing that the company has recently signed a non-binding term sheet to purchase all the shares of Klipsch.

Additional Resources
• Read more industry trade news on

The agreement is subject to a number of vague contingencies listed as "satisfactory completion of due diligence, negotiation, and signing of definitive agreements and requisite approvals." Basically, the sale is going to happen but the two companies haven't agreed on the terms yet. One can hold out hope that Klipsch will survive as its own entity, but the absorption into Audiovox seems imminent.

Audiovox is planning to finance the buy through c combination of cash and the commitment of a credit facility. The company has also enlisted the advice of Wells Fargo as a financial advisor.

Interestingly enough, both Klipsch was Audiovox were at CES 2011, showing off new lines of products. Klipsch has always been an interesting company offering valuable products. With few exceptions, corporations run enthusiast audio brands with bean counters and not people that are passionate about audio.  Klipsch has been a brand run by people with passion.  Hopefully, Audiovox will remain hands off. It would be a shame for a good brand to be absorbed and disappear.  We at are concerned that that is exactly what will happen.

Subscribe To Home Theater Review

Get the latest weekly home theater news, sweepstakes and special offers delivered right to your inbox
Email Subscribe
© JRW Publishing Company, 2023
As an Amazon Associate we may earn from qualifying purchases.

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram
Share to...