"Under the definitive agreement, Sony will create a wholly owned subsidiary to take over its home entertainment business, with TCL subscribing to a portion of the shares."
"The new company will succeed Sony's home entertainment business, covering product development, manufacturing, sales, and customer service for Bravia TVs and home audio equipment."
"TCL will pay Sony JPY 75.4 billion, with the final amount adjusted for net debt and working capital, and operations are expected to start in April 2027."
Sony and TCL have signed a definitive agreement to establish a joint venture in TVs and home audio equipment. TCL will hold a 51% stake, while Sony will hold 49%. A wholly owned subsidiary will be created to manage Sony's home entertainment business, including product development, manufacturing, and customer service for various audio and visual products. TCL will pay Sony approximately JPY 75.4 billion, with the final amount subject to adjustments. The new company is set to begin operations in April 2027, pending regulatory approvals.
Read at GSMArena.com
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