Report: Pioneer DJ Is For Sale

pioneer DJ for sale

Pioneer DJ, a globally distributed manufacturer of DJ equipment owned by Japan-based Pioneer Corporation, is for sale.

According to Reuters, Pioneer Corporation is in the process of selling Pioneer DJ in a deal that could fetch $570 million. The report stated that Bank of America Merrill Lynch will handle the sale and various global equity firms are among the final bidders for the division.

Pioneer Corporation, which is said to have turned a profit last year, is in the process of selling off non-core assets to focus on the automotive electronics business. In June the firm agreed to sell most of its loss-making audio-video operations to a consortium comprising Hong Kong-based Baring Private Equity Asia and audio equipment maker Onkyo Corp. That deal has yet to close.

In related news, last month Pioneer, which is famous for its CDJ line of CD players, expanded its DJ line to India.

Darren Ressler

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