Pioneer & Sharp Blu-ray joint venture officially official
Pioneer and Sharp have officially finalized their deal to combine Blu-ray operations, completing the joint venture planned since Pioneer began navigating its way out of several businesses including its Kuro plasma HDTVs. The official PDF has all the details, but the salient points are that Pioneer will have 66% ownership and 3 of 5 seats on the board of the 450-employee joint venture, ready to start up on schedule October 1, for the development, design, manufacture and sale of optical disc products, primarily Blu-ray.
