11-03-2011, 06:19 PM #1
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Finally, Philips transferred its TV business
Finally Philips Electronics is to transfer its television business into a joint venture with TPV. The new company will be 70% owned by TPV and 30% by Philips, and will be responsible for the design, manufacturing, distribution, marketing and sales of Philips' Television.
With only 30% Philips has little to say. Therefore the new televisions will be MADE IN CHINA.
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