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Thursday, May 23, 2013 | 9:31 a.m.

"Sad Day" as Philips Exits Home Entertainment

It's survived decades of change and the Second World War. But finally technology has caught up with Philips. Best known for its television and audio equipment, the Dutch group has now agreed to sell its home entertainment business to Japan's Funai Electric Co. Frans van Houten is Philips' CEO.
 
 
 

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