ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Pioneer selling audiovisual business to Onkyo, investment fund

TOKYO -- Japanese electronics maker Pioneer will sell its audiovisual equipment business to a coalition of compatriot audio equipment maker Onkyo and investment fund Baring Private Equity Asia. The sell-off is aimed at improving its profitability amid dwindling demand due to the spread of online video and music distribution.

     Pioneer, Onkyo and Baring Private Equity Asia reached a basic agreement and will announce the decision later Tuesday.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more