Coby Electronics' trademarks, patents, intellectual property and materials have been purchased by Gordon Brothers Group, the company announced Wednesday. The purchase price was not disclosed.
Coby Electronics announced a restructuring Tuesday in which 42 people- 35 percent of the company's USA staff- have been laid off.
Coby said Monday that it is now shipping the first of its line of Android 4.0 (Ice Cream Sandwich) tablet computers. The tablets debuting this month are the 7" MID7042-4 and 9.7" MID9742-8.
D&H Distributing is offering rebates on more than 200 products for Black Friday and Cyber Monday.
Coby plans to introduce a tablet PC at the 2011 International CES, along with larger-screen LCDs in the fourth quarter.
Coby Electronics and the U.S. Consumer Product Safety Commission have issued a voluntary recall of rechargeable batteries sold by the company