It's true. Audiovox, a relative no-name in terms of consumer end products in the music industry, has just signed a non-binding term sheet to purchase all of the shares of Klipsch Group and its worldwide subsidiaries. We're told that the transaction is subject to a number of contingencies, "including satisfactory completion of due diligence, negotiation and signing of definitive agreements and requisite approvals," but we can't imagine anything popping up to stop the inevitable. No hard financial terms were revealed, and there's no estimated closing date for the deal. Oddly enough, Klipsch was here at CES
