Is there a known reason why a guitar maker bought up a bunch of high end audio companies? I’d like to hear the story behind this.
I wonder if Guitar Center played a role here? They've been struggling, and that may be impacting their suppliers:
https://www.dailynews.com/2018/03/20/guitar-centers-1-billio...
In contrast to Martin, who has been making guitars, and the occasional mandolin or ukulele, for well over a hundred years. That's pretty much all they do, and as far as I can tell they're financially fit. Probably because Mr. Chris Martin is content running a guitar company.
That's just my arm chair analysis. I otherwise have no idea what the hell Gibson wants with, say, Teac.
Part (most?) of Gibson's problem is that the guitar just isn't as popular as it used to be.