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Pioneer to sell DJ business

The Truth

TRIBE Member
A private equity firm is buying Pioneer's DJ business.

RTT News reports that the US firm Kohlberg Kravis Roberts is paying 59 billion yen, or around $551 million, for the division, which is responsible for both the industry-standard CDJ and forthcoming PLX-1000 turntable. Through a transfer of shares as part of the deal, ownership in Pioneer DJ will actually be something like 85/15, with KKR retaining the lion's share of ownership. Reuters notes that the deal seems to be part of a wider strategy of "selling off non-core assets to focus on its automotive electronics business"; it was announced last Friday that the company was selling its home audio-visual division to another Japanese audio company, Onkyo.

RA News: Pioneer to sell DJ business
 

lushys

TRIBE Member
Ever since the end of vinyl it's all been boring to me.... Pioneer imo helped kill everything with their "innovations" in CDJs followed up by Presonus and fucking Ableton.
 
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