Philips to acquire DLO, expand peripheral offerings
Continuing the hot streak of industry madness going down on this eventful Friday the 13th is Philips, as it has announced plans to acquire Digital Lifestyle Outfitters (DLO) in an attempt to compliment the firm's headphone / DAP offerings with a smorgasbord of other peripherals and accessories for mobile devices. Essentially, Philips is hoping that the deal will allow it to "become a leading player in peripherals and accessories market for the mobility domain," and considering the vast amount of DAP / PMP toting individuals out there eying such niceties as the HomeDock, iBoom Travel, and the obligatory colored carrying case, it's probably not a bad move. Interestingly, Philips is actually taking over a firm who pumps out products for two competing music players, but a spokesperson for the company played the rivalry down by suggesting that DLO's products were "designed for all of the players on the market." Although pricing details weren't readily available, Philips is planning to complete the acquisition by Q2's end, and hopes to make DLO more predominant "outside of the US while broadening its product portfolio."
[Via Reuters]
