Reuters: Pioneer to Spin Off DJ Audio Unit to KKR in $550 million deal

Sep 19, 2014

The company said it was also selling its home audio-visual business to audio equipment maker Onkyo Corp., Reuters reported

Under the latest deal Pioneer said it would spin off its DJ unit, which makes equipment such as speakers, mixers and turntables, into a separate company called Pioneer DJ that it will then sell to KKR by the end of March next year, leaving it with a 14.95 percent voting stake in the new company.

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