Burkhardt Not Buying SoundCast
One month after the announcement that CE industry icon Jeremy Burkhardt was purchasing Soundcast Systems, Soundcast said Thursday that the sale will not go through, and the company is no longer for sale.
According to company president Mike Weaver, "the deal did not close as anticipated, the terms had a 90 day fast track that has expired. Current ownership has decided not to extend the deadline, primarily because the response to Soundcast Products during CES made us rethink our plans."
“Things like this happen and I respect the management team’s decision to not extend the deadline," Burkhardt said. "The past few months have been amazing working with people and products that I love and my passion for the industry has never been so strong.”