OSAKA -- Struggling Japanese electronics maker Onkyo said Wednesday it has entered into talks with U.S. peer Sound United to sell its home audio-visual business, a move that could unload operations responsible for nearly 70% of its sales.
Onkyo's home audio division includes amplifiers, high-end speakers and mini systems. While the company did not specify the extent of assets to be sold, core subsidiary Onkyo & Pioneer, formed after its 2015 purchase of Pioneer's audio business, will be considered.
