Rane Has Been Sold
The DJ world is waking up in shock this morning to the news that Rane has been sold to inMusic. Here is the announcement from Rane:
Rane Corporation is pleased to announce that cofounders Linda Arink and Dennis Bohn have agreed to sell Rane Corporation to InMusic LLC.
The transaction is set to be completed this summer. After the sale Ms. Arink and Mr. Bohn plan to step down and retire.
Rane is one of the most admired companies within the DJ and commercial sound industry. “Rane will continue some operations out of the Mukilteo, Washington headquarters,” says Ms. Arink.
Ms. Arink feels that with the added resources, engineering talent, and additional IP, InMusic is an ideal buyer for Rane Corporation and will help it grow now and in the future (djworx.com).
There’s some speculation that inMusic, already a huge player in the DJ industry, might be looking to take on Pioneer. Rane, on the other hand, might have been looking for a buyer.
Given that this turnover has just been made public, we’ll have to wait and see the whys and hows of it.
I’ll keep you posted.
In the meantime, what do you think of this news?
1 comment
I just hope the support will still be there when needed.