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Sony Formally Unveils Plans to Spin Off TV Business, Establishing Joint Venture with TCL Holding a 49% Stake
1 week ago /
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Author：小编
Today, Sony Corporation and TCL Electronics Holdings Limited have inked a memorandum of intent, signaling their intention to engage in further negotiations aimed at forging a strategic partnership within the home entertainment sector. As outlined in the memorandum, both entities are set to create a joint venture that will assume control of Sony's home entertainment operations. In this venture, TCL will command a 51% ownership stake, while Sony will retain a 49% share. The newly formed joint venture is poised to undertake a comprehensive range of activities on a global scale, spanning the development, design, production, sales, logistics, and customer support for products including televisions and home audio systems.
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