logo
Share SHARE
FONT-SIZE Plus   Neg

Philips Says Deal To Form Television JV With TPV Technology Completed

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
American Airlines Group said pilots at its subsidiaries American Airlines and US Airways, represented by Allied Pilots Association, have approved a new five-year contract which provides immediate pay raises of 23 percent and subsequent annual raises of three percent for the next five years. LEGO Group, TT Games and Warner Bros. Interactive Entertainment have announced their 2015 slate of video games, including LEGO Jurassic World, LEGO Marvel's Avengers, and as well as new hand-held and mobile titles. Social-networking giant Facebook, Inc. is said to be testing their new 'Place Tips' feature for iOS users that will rival a similar service being provided by Yelp or Foursquare. The feature will provide the user relevant content about their location as long as they are there through pop ups on their news feed page of Facebook.
comments powered by Disqus
RELATED NEWS
Trade PHG now with 
Follow RTT