Pioneer Corporation (hereinafter "Pioneer") and Sharp
Corporation(hereinafter "Sharp") announced today that they have decided
to change the launch date of their optical disk joint venture, due to
ongoing assessments to determine whether the joint venture conforms to
antitrust laws overseas.
Pioneer and Sharp had signed a formal contract for the establishment of
the optical disk joint venture on June 25, 2009 and were preparing to
launch operations of that joint venture on October 1, 2009.
All other procedures regarding the joint venture are as scheduled.
Therefore the two companies will start the joint venture as soon as
possible, after taking all necessary procedures and actions related to
antitrust laws overseas.
