Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Philips Says Deal To Form Television JV With TPV Technology Completed

RELATED NEWS
Trade PHG now with 

Royal Philips Electronics (PHG: Quote,PHGFF.PK) said the transaction to create a Television joint venture with TPV Technology Ltd. has been completed. The joint venture will be called TP Vision and will be 70% owned by TPV and 30% by Philips.

TP Vision will develop, manufacture and market Philips branded TV sets.

TP Vision, with headquarters in Amsterdam, will be led by Maarten de Vries. It will be responsible for the design, manufacturing, distribution, marketing and sales of Philips' Television worldwide, with the exception of mainland China, India, United States, Canada, Mexico and certain countries in South America.

Click here to receive FREE breaking news email alerts for Koninklijke Philips Electronics NV and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks moved notably higher over the course of the trading day on Friday after initially showing a lack of direction. The gains on the day extended the recent upward trend by the markets, with the tech-heavy Nasdaq reaching its best closing level in almost a month. Looking to capitalize on news of an Ebola diagnosis in New York City, Republican Senate candidate Scott Brown issued a statement Friday criticizing his Democratic opponent Sen. Jeanne Shaheen, D-N.H., for "waffling" on a travel ban. In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.