Philips Says Deal To Form Television JV With TPV Technology Completed

Philips Q1 Profit Slides - Quick Facts

Elekta, Philips Research Consortium Adds Netherlands Cancer Institute

Philips Says Moves Forward To Achieve 2013 Targets - Quick Facts

Philips Healthcare Details Its Advances In Cardiovascular Health Monitoring

Trade PHG now with

4/2/2012 2:29 AM ET

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

<<Previous 113 Articles

Editors Pick

Stocks Climbing Well Off Lows After Early Sell-Off - U.S. Commentary

While stocks moved sharply lower at the start of trading on Thursday, selling pressure waned not long after the open. The markets have subsequently seen a notable recovery attempt, as some traders look to pick up stocks at reduced levels. The major averages have climbed well off their worst levels but are currently still posting modest losses.

U.S. New Home Sales Rise 2.3% In April, Coming In Well Above Estimates

In another upbeat sign for the U.S. housing market, the Commerce Department released a report on Thursday showing that new home sales came in well above economist estimates in the month of April. The report showed that new home sales climbed 2.3 percent to a seasonally adjusted annual rate of 454,000 in April from the revised March rate of 444,000.

Eurozone Consumer Confidence Improves For Sixth Month

Consumer sentiment in the euro area increased for the sixth consecutive month in May to its strongest level since the middle of last year, preliminary data from the European Commission showed Thursday. The DG ECFIN flash estimate of the consumer confidence indicator for Eurozone came in at -21.9,...