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Business deals

Pioneer and KKR to sell off disc jockey equipment unit

Spun-off business has 60%-plus market share of mixers and turntables

French artist DJ Mosey works with disc jockey equipment manufactured by Pioneer.   © Reuters

TOKYO -- U.S. private equity fund KKR and Japan's Pioneer plan to sell off a jointly owned disc jockey equipment business, with a buyer expected to be chosen by autumn.

Pioneer DJ is likely to draw interest from companies outside Japan and large investment funds. The bidding process is slated to wrap up in the summer or fall.

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