It looks like JVC won’t be taken under Texas Pacific Group’s wings, but will instead be merging with, of all companies, Kenwood. The merger will take place in 2008 with Kenwood purchasing a 13% share of stocks from JVC and Kenwood’s top shareholder purchasing shares from Matsushita, which currently owns a 52% stake in JVC. Hopefully this will mean bigger and better things for the faltering JVC.
