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Pioneer's exit from stereo components marks end of era

TOKYO -- Another renowned audio equipment brand will be forever silenced when Pioneer quits the business to focus on automotive gear, a result of waning demand for high-end audio components.

     The Japanese company announced Tuesday that its consumer audiovisual equipment business, which includes Blu-ray Disc players, will be spun off and integrated with Onkyo. It will also sell its DJ equipment business to U.S. investment fund Kohlberg Kravis Roberts.

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