A new breed of audiophiles has just taken over the market. Estimated in the tens of millions of dollars, a new merger by the Muse Group with Meridian may see the hi-end audio company hit the mainstream. The Muse group headed by Israel born Arnon Milchan, consists of a who's who of the worlds richest moguls. James Packer, son of late media mogul Kerry Packer, Johann Rupert, chairman of luxurious brands such as Cartier and Van Cleef & Arpels, Nelson Peltz, of investment group Triarc; and Yahoo chief Terry Semel, have all joined forces along with Rupert Murdoch, in obtaining a 48% share in the UK based audio company.
Founding member of Meridian, Bob Stuart says the interest from Muse came as a surprise, albeit one that is most welcome. Founded in 1977, Meridian first came to Milchan's attention when he was looking for some home entertainment equipment to fitout his London residence. Since then, Milchan persuaded real-estate mogul Steve Wynn to outfit his Las Vegas hotels with Meridian equipment. Wynn became so enamoured with the products, he promptly ordered another 4000 units to furnish his properties.
James Packer has also begun utelising Meridian products in his Crown Casino's private salons.
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