Jump to content



Sign up for a free account to remove the pop-up ads

Signing up for an account is fast and free. As a member you can join in the conversation, enter contests and remove the pop-up ads that guests get. Click here to create your free account.

Photo
- - - - -

Pioneer Company sold!


  • You cannot start a new topic
  • Please log in to reply
No replies to this topic

#1 of 1 OFFLINE   zoetmb

zoetmb

    Stunt Coordinator



  • 152 posts
  • Join Date: Jan 26 2012
  • Real Name:Martin Brooks
  • LocationNYC

Posted June 24 2014 - 07:51 AM

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).
 


Pioneer and Onkyo will also “commence discussions with an eye to integrating a part of home A/V business operations between Pioneer and Onkyo,” Pioneer noted. The Onkyo and Pioneer home electronics brands, however, will maintain their separate brand names.

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.






0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users