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Our business selling DJ equipment would have required large amounts of investment to continue to grow, and we can’t afford to invest in it while also seeking to grow our in-car electronics operations, Pioneer President Susumu Kotani said at a media briefing Tuesday. Pioneer Corp. 6773.TO -2.87% said Tuesday that it will sell its lucrative disc-jockey equipment business to U.S. private-equity firm Kohlberg Kravis Roberts KKR -0.57%& Co. for ¥59 billion ($550 million), as the Japanese company continues its focus on stereo systems and global positioning systems for cars. The sale of the business, which includes turntables, comes a week after Pioneer signed a dealRead More →