InMusic threatens legal action over AlphaTheta Corporation's Serato acquisition

US audio equipment manufacturer InMusic has confirmed it is considering taking legal action in a number of territories to block the acquisition of Serato by Pioneer DJ's parent company.

AlphaTheta Corporation confirmed a deal worth more than $100million for the Auckland-based music software company in July. The Japanese electronics giant now needs approval from the New Zealand Overseas Investment Office to proceed.

If that happens, the world's two dominant digital DJ and production platforms — Serato and rekordbox DJ, accounting for a combined 90% market share - would be owned by the same conglomerate. Concerns have been raised this effectively eliminates competition, which would be detrimental to innovation, and end users.

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