Japan’s Pioneer Corporation is reportedly in the last stages of selling off its DJ equipment business.
According to two sources on the inside, who wish to remain anonymous, the deal could earn Pioneer a whopping 60 billion yen (£349 million). Despite Pioneer DJ making a profit in the last financial year, the parent company is selling off non-core assets to focus on its original automotive electronics business.
Pioneer have not confirmed the transaction at this point, simply releasing the following statement: “Pioneer is currently considering every possible measure with respect to review of its business portfolio, including sale of DJ equipment business. However, no decisions have been made. We have no other comments on this matter.”
Pioneer are world leaders in the DJ equipment game, with their CDJs being the industry standard in clubs around the globe. We sincerely hope that this sale won’t be detrimental to the company and the quality of the goods they produce.