Leo fender fender sold the company to Columbia Broadcasting System (CBS), with the price 13 million US dollars in 1999.1965 under the administration of the CBS. The company expanded production lines to many countries, such as, Mexico, Japan, China and Korea, and also issued items to accommodate the customer with the budget, not much. Use of the trademark Squier later in the year.1985 Group employees gathered to buy stock company back from CBS, and changed the company name. Fender Musical Instruments Corporation, until now.
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