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Yamaha acquires Line 6

Discussion in 'Miscellaneous [BG]' started by activebass, Dec 31, 2013.

  1. activebass

    activebass

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    [Please move if this in the wrong forum]

    First found out about this through my former teacher who is a world class bass player and head of Yamaha's music school in this region.

    The acquisition is already completed. Yamaha now owns Line6 100%

    http://line6.com/press/releases/1520

    Yamaha Corporation’s acquisition of Line 6, Inc. creates a powerful force to drive innovation and inspire musicians.

    CALABASAS, CA – 20.Dec 2013 - Yamaha Corporation and Line 6, Inc. today announced a definitive agreement for Yamaha to acquire Line 6, a leading manufacturer of innovative solutions for musicians. The acquisition expands Yamaha’s portfolio of modeling guitar processing products as well as pro-audio equipment, and offers new and exciting opportunities for accelerated growth for both companies.

    Line 6 products have been at the cutting edge of digital audio development for musicians and audio professionals since the company pioneered the digital modeling guitar amplifier in 1996. Line 6 continues to deliver innovation and excellence across its industry-leading portfolio, including POD® multi-effect processors, digital effects, guitar amplifiers, modeling guitars, a range of professional instrument and microphone digital wireless systems, digital live sound mixers, speakers, as well as iOS interfaces.

    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. 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 that is so highly regarded worldwide as well as its unique technology, planning and development capabilities” said Mr. Takuya Nakata, President of Yamaha Corporation.

    “For over 30 years of developing products, and even further back to my earliest memories as a developing musician, Yamaha has been the brand for which I have always had the most respect,” said Line 6 co-founder and Chief Strategy Officer Marcus Ryle. “Yamaha has consistently set the standard in our industry for quality and innovation, and I am very proud for Line 6 to now be a part of this incredible legacy.”

    "Yamaha’s acquisition of Line 6 will help accelerate the realization of our vision to drive innovation for musicians across the globe,” said Line 6 CEO and President Paul Foeckler. “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”

    Outline of agreement

    Based on the resolutions adopted by the Line 6 board of directors on December 19 and the Yamaha board of directors on December 20, a definitive agreement has been executed regarding the acquisition of all of the capital stock of Line 6.
    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.
    Wells Fargo Securities, LLC served as financial advisor to Line 6, Inc. and Kirkland & Ellis LLP served as legal advisor to Line 6, Inc.
  2. ga_edwards

    ga_edwards

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    I found out this news yesterday. IMO I think it could be a great venure. Line 6 haven't shown us bass players much love lately, so I'm hoping that the low end loving Yamaha can rectify this.
  3. Jools4001

    Jools4001

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    +1

    It would be nice to think that with Line 6's innovation and Yamaha's production, marketing and massive financial clout (relative to Line 6) their product lines could be wider (to include us bass players again), technically superior and at a more commercial price point. Seeing their Variax technology incorporated into Yamaha guitars and basses for example?

    I would also like to see a marriage between Yamaha's analogue mixing desk and Line 6's Soundscape digital desk to get the best of both worlds at a viable price point.

    Then again, Line 6 could just be absorbed into the corporate mass and effectively cease to exist within a year or so....we'll see.
  4. JasonLamb

    JasonLamb

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    Yes!!....bring back the variax bass!
  5. ga_edwards

    ga_edwards

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    Yes a sleek variax TRBX or BB would be nice. I found the original variax bass to be too cumbersome
  6. Lorenzini

    Lorenzini

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    Dedicated bass products to give the Zoom B3 a run for it money :)

    That's what we want!!!

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