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

Quick Facts

Editors Pick
After moving sharply higher at the open, stocks have seen further upside over the course of the trading day on Thursday. The strong upward move on the day has more than offset the pullback that was seen in the previous session. Suggesting moderate growth in the short-term, the Conference Board released a report on Thursday showing that its index of leading U.S. economic indicators rose by more than economists had anticipated in the month of September. Eurozone's consumer confidence improved unexpectedly in October after weakening in the previous four months, preliminary data from the European Commission showed Thursday. The flash consumer confidence indicator rose to -11.1 from a seven-month low of -11.4 in September. Economists had forecast a...
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.