Pioneer DJ Sold For $551 Million; Pioneer To Focus On Car Audio
09-16-2014 07:54 PM
The deal to sell Pioneer's DJ equipment division has been inked, with private equity firm KKR acquiring all outstanding shares of Pioneer DJ for approximately 59 billion Japanese Yen - or about $551 million US dollars. Pioneer will retain about 15% share in the company and equivalent voting rights in the DJ manufacturer.
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