Big news out of Japan: JVC and Kenwood are merging their businesses. JVC makes many decent video products, among other things, and Kenwood is noted for its popular car audio lines. The new entity would be a holding company, perhaps called JVC Kenwood. The shares of each company will become shares of the new company.
This is good for both companies as it gives them better leverage to take on larger groups like Sony and Samsung. There likely won’t be any immediate impact on the consumer end, but a wider product line might be in the works as their technologies are integrated.