Tag Archives: Philips

Philips To Transfer Its Audio, Video, Multimedia And Accessories Business To Funai

Dutch-based Royal Philips Electronics (Philips) has announced an agreement regarding the transfer of its Lifestyle Entertainment Business (Audio, Video, Multimedia and Accessories) to Japan’s Funai Electric Company.  Terms of the deal are reported to be 150 million euros ( a bit over $200 million US) and a 5-1/2 year licensing agreement.  The licensing agreement also involves an optional second five …

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