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Yamaha Acquires Line 6

Yamaha and Line 6 have announced a definitive agreement for Yamaha to acquire Line 6. The acquisition will expand Yamaha’s portfolio of modeling guitar processing products as well as pro-audio equipment, and will offer new opportunities for accelerated growth for both companies.
Under the terms of the agreement, Yamaha will operate Line 6 as a wholly owned subsidiary to fully realize the compelling opportunities for the two brands with Line 6’s operations continuing as before and its management team remaining in place.
"I am very happy that Line 6, which has been creating innovative products and creating new market opportunities consistently over its history, will become a member of the Yamaha group," said Takuya Nakata, president of Yamaha Corporation. "We look forward to accelerating our growth strategy by pursuing the beneficial effects from both companies and by utilizing Line 6’s core brand power centered on guitarists worldwide as well as its unique technology, planning and development capabilities."
"Yamaha’s acquisition of Line 6 will help accelerate the realization of our vision to drive innovation for musicians across the globe," said Paul Foeckler, Line 6 CEO and president. "We’re proud that Yamaha recognizes the innovation and value in our people, IP and processes, and we’re excited about the opportunities ahead to expand our reach."

Yamaha will acquire all of the capital stock of Line 6 owned by the founders, venture funds and employees. The transaction is expected to be completed during January 2014 after receipt of customary regulatory approvals.;