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Pioneer sells DJ equipment unit to KKR

The Barbarians are at the Club now:

Japan’s Pioneer is restructuring and selling off its disc-jockeying (DJ) equipment unit to US private equity firm KKR for $550m (£339m).

As part of the deal, KKR and Pioneer will be joint owners, with the Japanese firm having a 15% stake.

Both KKR and Pioneer have given their new venture a provisional name of Pioneer DJ.

via BBC News (via Tab Dump).

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