Philips spins off TV business into joint venture with TPV

04/3/2012 | CNET · (U.K.)

Royal Philips Electronics is reducing its role in television manufacturing, spinning off the TV business into a joint venture with TPV Technology. TPV will own 70% of the joint venture, to be called TP Vision, while Philips will retain a 30% stake. TP Vision will sell TV sets under the Philips brand except in China, India, North America and parts of South America.

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CNET · (U.K.)

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