Gibson Brands Announces Intention to Acquire Cakewalk Inc.*

09-23-2013 11:12 PM

Gibson Brands in Nashville announces that the company has entered into a letter of intent with Roland Corporation and Cakewalk Inc. for Gibson to acquire Cakewalk pursuant to definitive acquisition agreements to be negotiated by the parties. The Cakewalk staff and headquarters will remain in Boston as an independent division. Following the closing of the proposed acquisition, a new brand, TASCAM Professional Software, will be created to support, promote, and publish Cakewalk’s current and future professional products.