It was nearly one year ago that Royal Philips announced its desire to reduce its reliance upon televisions. And now, it has finally gotten its wish.
The company today announced that the transaction to complete a joint venture with TP Vision (TPV) has finally happened, and the companies are now moving forward with offering sets to consumers around the world. TPV will own 70 percent of the venture, while Philips will control 30 percent of the new operation.
Philips and TPV announced their partnership last April. The companies initially planned to start their joint venture late last year, but the … Read more