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Stock Market & Financial Investment News

News Breaks
January 29, 2013
06:14 EDTPHGPhilips to transfer Lifestyle Entertainment business to Funai Electric
Philips has signed an agreement regarding the transfer of its Lifestyle Entertainment business -- Audio, Video, Multimedia and Accessories -- to Funai Electric. Under the terms, Funai will pay a cash consideration of EUR150M and a brand license fee, relating to a license agreement for an initial period of five and a half years, with an optional renewal of five years. The deal is expected to close in 2H13. The Video business will transfer in 2017, related to existing intellectual property licensing arrangements.
News For PHG From The Last 14 Days
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October 20, 2014
05:46 EDTPHGPhilips says remains committed to 2016 financial targets
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05:44 EDTPHGPhilips reports Q3 net income EUR (103M) vs. EUR 281M last year
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