At rec.music.makers.guitar this week there was talk of Peavey buying out Gibson! Posts included:
“Today I was talking to a local retailer who had recently been to a private dinner / presentation put on by Peavey. Peavey is a company that is making a LOT of bold changes right now. One of the most startling piece of information that came out of the whole deal, was that Peavey is currently looking at buying GIBSON!”
“Peavey is a privately held company with HUGE profit margins. They do have enough money to buy… er… bail Gibson out. Rumor has it that Gibson has failed to be profitable in quite a while. All this at a time when they’re trying to go public. They’re ripe for the kill. Gibson has successfully ruined great guitar lines like Tobias and Steinberger, etc. It’s about time someone else take over and turn the company around”
Comments posted by “Cleavis”
We have requested comments from both Peavey and Gibson but so far we have not had a response from either company – If you have any information on this please let us know by emailing the Guitar News Weekly Editor.