Gibson Move To Acquire Cakewalk

(Gibson) According to a press release, it seems very likely that Cakewalk, Inc. will become a part of Gibson Brands. Cakewalk, Inc. is a leading developer of software for musicians including award-winning digital audio workstations and sequencers, innovative virtual instruments and effects, and entry-level consumer products.

Gibson Brands has entered into a letter of intent with Roland Corporation and Cakewalk, Inc. for Gibson to acquire Cakewalk, pursuant to a final agreement of all parties.

Gibson Brands Chairman and CEO Henry Juszkiewicz said: "As an addition to the Gibson Pro Audio Group, Cakewalk will enhance their flagship professional products, pursue provocative R&D initiatives, and continue to serve the needs of musicians and producers world-wide."

Gibson released a FAQ about the move that you can read here. more on this story

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