Pioneer Company sold!

Discussion in 'AV Receivers' started by zoetmb, Jun 24, 2014.

  1. zoetmb

    zoetmb Stunt Coordinator

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    Location:
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    Real Name:
    Martin Brooks
    Pioneer has agreed to sell itself (except for aftermarket and OEM car audio) to Baring Private Equity Asia, which will own 51% of the company. Onkyo and Pioneer will split 49%, but how that will be split between them hasn't been announced (I'm guessing 39% to Onkyo and 10% to Pioneer).

    I hope that means back office functions and distribution and not design. I would hate to see Pioneer become Onkyo with a Pioneer label on it.
     

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