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Philips sells home entertainment business

2013-01-29 1 Dailymotion

Philips Chief Executive Frans van Houten is continuing his efforts to focus on its more profitable home appliances and healthcare operations.<br /><br />As consumers increasingly get music, films and games online rather than buying CDs and DVDs, he is selling Philips audio and video business to Japan's Funai for 150 million euros.<br /><br />...<br />http://www.euronews.net/

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