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
Republican Scott Brown has significantly narrowed the gap in the race against incumbent New Hampshire Sen. Jeanne Shaheen, D-N.H., according to the results of a new WMUR Granite State Poll. With traders seemingly reluctant to make any significant moves, stocks continue to show a lack of direction in mid-day trading on Friday. Nonetheless, the markets are largely holding on to the bulk of their recent gains. On the heels of the violent clashes between local police and protestors in Ferguson, Missouri, Sen. Claire McCaskill, D-Mo., announced that she will hold a Senate hearing in September to examine the militarization of local police departments.
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.