av news
This Month's Featured Equipment Reviews
Audioengine A2+ Desktop Speakers Review
Darwin Truth Silver Cable Review
Anthony Gallo Acoustics A’Diva SE Loudspeakers & TR-3D Subwoofer Review
Denon DA-300USB DAC Review
The SVS SB-2000 Subwoofer Review
Latest AV News
AV News Forum Topics:
 
Pioneer Sells Majority of A/V Business  Print E-mail
Home Theater News Industry-Trade News
Written by Walter Mitty   
Wednesday, 25 June 2014

According to a report in The Wall Street Journal, Pioneer has agreed to sell the majority of its consumer electronics business to Baring Private Equity Asia. In addition, another portion of the company will be sold to competing A/V manufacturer Onkyo.

The deal will give Baring Private Equity Asia a 51 percent stake in the company. Meanwhile, the remaining 49 percent will be divided between Pioneer and Onkyo, though the exact breakdown between the two has not been specified. Likewise, the cost of the sale has not been disclosed. Despite the purchase, Onkyo and Pioneer will continue to sell their products under their own separate brands.

The deal is expected to be finalized in late August. The agreement is likely a result of Pioneer's struggling A/V sales which accounted for only about one fifth of its revenue last year. Pioneer will now focus on car electronics.

Source: High-Def Digest via The Wall Street Journal








Like this article? Bookmark and share with any of the sites below.
Digg!Reddit!Del.icio.us!Google!StumbleUpon!Yahoo!Free social bookmarking plugins and extensions for Joomla! websites!
 

  home theater news  |  equipment reviews 
  blu-ray reviews  |  dvd  |  theatrical reviews  
  music download reviews  |  music disc reviews
  contact  |  about-us  |  careers   |  brands 
  Subscribe to Us   |   RSS   |  AVRev Forums
  front page  |  virtual tours  |  dealer locator
  how to features  |   lifestyle & design articles
  Want Your Home Theater Featured on MHT?
   CE Partners: HDD  |  HDF  |  VGT  |  SD  |  DVD
   
  Advertise with Us | Specs | Disclaimer
  Sponsors | privacy policy | terms of use
  909 N. Sepulveda Blvd. El Segundo, CA 90245
  Ads: 310.280.4476 | Contact Us
  Content: 310.280.4575 | Mike Flacy