* The company Akai Professional? If so, they're still around and doing well. They are a major player in the music production market, known for their drum machines, samplers, keyboards, and other electronic music gear.
* Akai, the consumer electronics brand? This was a separate entity, founded in 1929, which was once a leading manufacturer of audio equipment, video recorders, and other consumer electronics. They filed for bankruptcy in 2005 and were ultimately acquired by KKR, a private equity firm. In 2013, the brand was revived by Akai Professional, though their consumer electronics products are now different from those of the original Akai company.
Could you please clarify what you are referring to?