JVC Kenwood abandons plan to sell music unit

JVC has also dropped any thought of acquiring Hoya Corp.'s Pentax camera business, Nose said. The Nikkei newspaper first reported JVC's plan today, citing an interview with Chairman and President Haruo Kawahara.

The Yomiuri newspaper said on Nov. 4 JVC was in talks with Konami Corp. to sell its Victor Entertainment music unit and was considering a purchase of the Pentax camera brand. The company named a new head for its music division along with plans to rejuvenate the money-losing unit.

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