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"Sad day" as Philips exits home entertainment

By GrabNetworks

Philips is getting out of the shrinking home entertainment sector, after agreeing to sell its audio and video business to Japan's Funai Electric Co for 150 million euros. The Dutch group's CEO Frans van Houten says they will focus on their more profitable home appliances and healthcare operations. Joel Flynn reports
"Sad day" as Philips exits home entertainment



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