Business & Finance: Mergers: Dec. 24, 1928

Radio-Victor. The little dog in Victor Talking Machine Co.'s trademark last week heard the Voice of a new Master. For, in confirmation of months of rumor, there was announced the merger of Victor Talking Machine with Radio Corp. of America. The day before the merger was definitely announced, Radio stock rose 42 points, Victor 19¼. Gross income of Radio for 1927 was $65,082,074; gross sales of Victor were $46,886,842, thus making the business of the merged companies about $112,000,000 annually. Plans provide for a complete merger of the two companies (not for the...

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