Who bought ARC?

Hey Mr. ARC owner, we've got a deal for you.

- don't worry about payroll or daily operations anymore
- we'll hire your management team
- well give you $150K for 3 years to look over designs and if we have questions
- well give you $2M now

doesn't look so bad when you look at it like that.

.......plus assumption of debt (and the costs of new building done 10? years ago) etal.

plus an agreement to retain all staff.

plus an agreement to maintain parts and provide service for all ARC products made.

I just hope the new guys understand the value of email!

From my insider info, ARC is one of the selected few companies who do not have to worry about their future. Their latest range of products - CD-3, 7, Ref-3, LS-26 - has been hugely succesful (Ref-3 is the time best selling model in ARC 40+ years history) which made their financial standing exemplary, not only by hi-end standards.

If it is true, one or two million for the purchase of ARC seems ridiculously cheap for such a well established & prestigous company. It is good that the new owners will retain alot of the old employees but the question arises as to why it was up for sale in the first place. As mentioned above, maybe because Audio Research failed to enter the Home Theater market?