Though there weren't too many details about the possible merger between TC Electronic and Gibson, the potential for what these two companies could produce is scary. Unfortunately, that merger has been axed.

The announcement at NAMM 2008 that the two companies were going to merge has just been put to rest. A joint statement released by both companies reads:

"Gibson Guitar, the world's premier musical instrument manufacturer and leader in music technology and TC Group, an international leader in sound processing, amplification, computer recording and speakers, announced that they have discontinued discussions regarding a potential merger between the two companies. The decision followed an intensive effort by both parties to consummate the deal within the targeted timeline, but a number of issues remained unresolved, and both Gibson and TC agreed that it was best that the merger proceedings not continue. TC Group's goal is to produce and distribute innovative high-performance audio products for business partners around the world. Gibson Guitar remains loyal to its many customers and will continue to dedicate its future to producing the best musical instruments in the world while engaging and building its family of brands through innovative technology and potential new business partners.

The eventual thumbs-down to the deal may be disappointing news for some, but it could be for the better. If the two companies were to combine and then eventually try to take over the audio world by force, there would almost be no stopping them.