Pioneer in Talks to Sell AV Business

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Pioneer is in talks to sell its AV business to Funai, and concentrate on the more profitable car electronics division, said a Nikkei report last week.

Under the deal, which Pioneer  hopes to reach by July, the company would likely keep its DJ equipment business.

Pioneer’s car electronics division generates 70 percent of its sales.  54 percent of that is in OEM sales, the company reported this year.

Pioneer’s car electronics sales for the recent year amounted to $3.4 billion, up 11.4 percent over the prior year.

For more see the Nikkei report here.

Source: Nikkei

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