Music tech company inMusic acquires Native Instruments

In a significant move for the music production industry, inMusic Brands has agreed to acquire Native Instruments, a company known for its software and hardware like Traktor and Kontakt. Native Instruments had recently entered bankruptcy proceedings in Germany, prompting its CEO to seek a buyer. This acquisition promises a 'fresh start' for Native Instruments and its associated brands, including iZotope and Plugin Alliance, ensuring their continued operation. The two companies have a history of collaboration, making this a logical next step for both entities in the evolving music technology landscape.