TCL agrees to buy a 51% stake in Sony's global home entertainment business for ~$472M, as the Chinese company seeks to expand overseas; Sony retains a 49% stake
TCL Electronics Holdings Ltd. agreed to buy a majority stake in Sony Group Corp.'s global home entertainment business as the Chinese company seeks to expand overseas.
Sources: Sony is nearing an agreement to sell a 51% stake in its home entertainment business to Chinese rival TCL for ~$1B, to be announced as soon as in March
Sony and TCL sign a nonbinding deal to spin off Sony's TV and home audio hardware business into a joint venture, split 51% TCL and 49% Sony, by the end of March
The two companies are planning to form a new joint venture that will carry the ‘Sony’ and ‘Bravia’ branding.
LG Display agrees to sell its stake in its large LCD display plant in China to TCL's LCD unit CSOT for ~$1.54B; LG will now no longer make LCD panels in China
focus moves to OLED TechNode : LG Display sells its Guangzhou LCD panel plant to TCL for $1.54 billion Rasmus Larsen / FlatpanelsHD : LG Display closes chapter on LCD TV panels, sells last plant to TC...
BlackBerry says TCL Communications will stop manufacturing BlackBerry-branded phones on August 31, 2020 as its licensing deal comes to an end
In the past few years, BlackBerry has made a return to the smartphone market thanks to a partnership with TCL. Today, though, BlackBerry's Android …
Strategy Analytics: Roku, through partnership with TCL and others, crossed Samsung to become the top-selling smart-TV platform in the US with a 33% market share
Abigail Summerville / Wall Street Journal :