In May 2019, the two companies had agreed, albeit subject to certain conditions, upon Sound United purchasing the consumer audio division of Onkyo Corporation, which includes Pioneer's audio-video division. Now it was announced in most diplomatic language: that "both companies have agreed that it is in the best interest of both sides to terminate the planned acquisition." One can only speculate about the reasons - possibly the antitrust hurdles were too high. After all, a conglomerate of Denon, Marantz, Onkyo and Pioneer would have dominated the market, especially in the AV-receiver sector. Sound United is now striving for "organic growth with the existing brands" and "sensible acquisition", according to the press release.
Sound United cancels Onkyo-Deal
Surprising news from California: Sound United, the parent company of Denon, Marantz and other brands, announces that the takeover negotiations with Onkyo have been cancelled.