I've read they put in a bid for 19 mil. Might be interesting if this is true. Just don't like if it's true it would mean a monopoly of the north American market of the hobby.
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Horizon to buy hobbico?
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Here is some more info that may shed some light what's happening.
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Latest - looks like Horizon was the only bidder: http://www.news-gazette.com/news/loc...-business.html
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Originally posted by rifleman_btx View PostIndeed that's what I seen sofar. I'm surprised traxxas didn't bid. But then I think those guys rather see hobbico disappear than get out of this.
Mike\"When Inverted Down Is Up And Up Is Expensive\"
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Originally posted by dennis View PostThe best information that I can obtain is that Horizon Hobbies only bought the RC portion of the business. Also that the current employees are not mentioned in the deal.
Mike\"When Inverted Down Is Up And Up Is Expensive\"
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Just back from the Toledo Show, Horizon owns Hobbico now. I also got email from Hobbico to that effect. While talking to some of the Hobbico workers at the show, I found out that Horizon was going to make a decision as to who they are going to keep on and not. Best of luck to the guys at Hobbico. I for one hope they keep their jobs.
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