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.
