Steinway to be sold to Chinese state companymain
The long-troubled piano manufacturer, presently in the hands of a hedge fund, is being smartened up for sale to a state-owned Chinese company, Poly Group Corp., according to Bloomberg.
The price could be as much as a billion US dollars, twice what the company was last sold for in 2013.
Steinway has Lang Lang as its brand leader.
That should clinch it.