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Pioneer to exit TV market, spin off DVD business

Posted on Monday, February 09 2009 @ 21:35:55 CET by

Pioneer will reportedly exit the TV market and spin off its DVD business unit:
A report in the Nikkei Japanese business journal Friday claims that "Pioneer Corp. will pull the plug on its loss-ridden television business and shift its DVD player operations to a new venture with Sharp Corp. in a sweeping overhaul," according to the paper.

Late Friday, a spokeswoman for Pioneer's USA businesses did not specifically confirm or deny the report.
More info over here.



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