logo
Share SHARE
FONT-SIZE Plus   Neg

Philips Says Deal To Form Television JV With TPV Technology Completed

Royal Philips Electronics (PHG,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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Live-streaming video platform Twitch said it will launch a new affiliate program for non-partnered streamers that will allow them to earn money as they broadcast on the platform. This will be similar to YouTube's Partner program and is part of Twitch's efforts to broaden its appeal. Chocolate company Hershey Co. said it will increase the visibility of nutrition information and portion options of its snacks as well as reduce the sweets' calorie count. The move is part of the company's ongoing efforts to offer a broad range of snacks and clear information in response to feedback from consumers, who are shifting to healthier foods. The Coca-Cola Company (KO) reported a profit for the first-quarter of 2017 that declined 20 percent from the prior year. Net revenues declined 11%, reflecting unfavorable impacts from structural changes of 10% and foreign currency of 1%. The company remains on track to deliver its underlying revenue and profit targets for the full year.
comments powered by Disqus
Follow RTT