Gibson announces the sale of Stanton Magnetics to inMusic group where it will join other DJ brands, begging the question: Which other brands is Gibson planning to sell off?
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After Gibson's application for Chapter 11 last month, it looks like it is slowly moving forward but not as smoothly as hoped: There's a rather large loan, plus some conditions on the table.
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The excruciating wait is over - Gibson has finally filed for bankruptcy, as widely predicted. What's next for the famed guitar maker? Probably a change in leadership, according to Bloomberg.
