- 17 June 2006
- 3,032
Bit of an industry-centric update today, mergers and acquisitions don't normally take up much real-estate here but I thought this one could have important ramifications somewhere down the digital-display road. Matsushita (Panasonic) has agreed to sell
its stake in Japan Victor Corporation (JVC) to Texas Pacific Group (TPG) a U.S. based investment group, for an undisclosed amount.
and even the recently launched and well received DLA-RS1
1080p projector has been of great importance in the home theater arena.
It's the "strong interest in parts of JVC by other potential buyers" part of the above quote that I find most significant here. Let's hope that whoever acquires the pro-display division (if it's even sold separately) continues forward with the strong research and development JVC has shown of late.
From the EETimes Article: TPG intends to buy all JVC stock, then delist the company during a restructuring. TPG will again list JVC in the next five years. However, sources said that TPG won't keep JVC that long since there appears to be strong interest in parts of JVC by other potential buyers.
My concern here is that the sale may put some of the most ambitious advancements in digital-display technology of late, on the back burner. While I freely admit to being less than familiar with JVC's other product offerings of the past few years, I do know their work with D-ILA
It's the "strong interest in parts of JVC by other potential buyers" part of the above quote that I find most significant here. Let's hope that whoever acquires the pro-display division (if it's even sold separately) continues forward with the strong research and development JVC has shown of late.