Pioneer is selling audio-video operations to Onkyo and Baring Private Equity Asia

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Pioneer, the Japanese car electronics company, has agreed to sell its audio-video operations to Baring Private Equity Asia and Pioneer’s rival¬†Onkyo Corp. Baring will own a 51% stake in Pioneer Home Electronics Corp., which makes and sells DVD players, digital photo frames, and audio equipment. The three companies will decide who will own the rest. The deal is expected to close by the end of August.

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