I'm curious, could you clarify for me who exactly owns Fender amplifiers? Are they still under the control of the Fender Musical Instruments Corporation, or have they been acquired by another company? I'm interested in understanding the ownership structure behind these iconic guitar amplifiers and how it might impact their production and distribution in the music industry. Thank you for your insight.
5 answers
IncheonBlues
Tue Sep 17 2024
In 1965, Leo Fender made a significant business decision that would impact the music industry for years to come. He decided to sell his companies to the prestigious Columbia Broadcasting System, also known as CBS.
JessicaMiller
Tue Sep 17 2024
The sale took place in January of that year, marking a turning point in the history of Fender's enterprises. The financial terms of the deal were substantial, with CBS paying $13 million for the acquisition.
Lorenzo
Tue Sep 17 2024
When adjusted for inflation, the sale amount equates to a staggering $126 million in 2023. This underscores the significant value that CBS saw in Fender's companies and the potential for growth in the future.
Rosalia
Tue Sep 17 2024
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