Philips in AV arm deal with Gibson

Dutch technology company Philips says it has struck a deal with music company Gibson Brands of the US to sell its audiovisual equipment business for $135m.

Philips in AV arm deal with Gibson

Dutch technology company Philips says it has struck a deal with music company Gibson Brands of the US to sell its audiovisual equipment business for $135m.

Philips is still locked in arbitration with Japan’s Funai after a similar deal to sell the same businesses for $200m fell apart last year, but said that will not affect the new agreement.

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