Philips sells home entertainment business to Funai for $202 million
| by Nikhil Subramaniam |
Philips has sold its audio and video entertainment business to Funai for $202 million (plus licence fees), and has transferred the lucrative product line to the Japanese company, Reuters reported. The deal nearly completes the electronics giant’s exit from the home entertainment business, which leaves it free to focus on the more profitable home appliances and health-care product lines.
Philips moves out of the home entertainment business
Tags: Philips , Philips iPod docks , Philips iPod speakers , Philips home theatre , Philips CD players , Philips Hi-Fi systems , Philips music systems , Philips soundbar , Philips televisions , Funai , Funai Electric , Frans Van Houten , Philips CEO Frans Van Houten , Philips electric shaver , Philips coffee maker , Philips toaster , Philips juicer , Philips electric toothbrushes
We could have another debacle like Aliens: Colonial Marines on our hands...
Leaked Images, Availability, Pricing,
One of the most expensive product categories in the market today is the...
When you're buying a set of speakers for your home, how do you know...
We help you understand the audio world a little better.
Tue Dec 10, 13:37:59
Tue Dec 10, 13:28:17
Nilesh KP Torres
Tue Dec 10, 13:24:44