As part of the strategic partnership, TCL will buy the manufacturing subsidiary Sony EMCS (Malaysia) Sdn, or SOEM, according to the statement. TCL will also continue to negotiate a potential purchase of all or part of Sony’s Chinese manufacturing business Shanghai Suoguang Visual Products Co, known as SSVE.
(April 1): TCL Electronics Holdings Ltd agreed to buy a majority stake in Sony Group Corp’s global home entertainment business, giving a lift to the Chinese company’s expansion overseas.
TCL will pay 75.4 billion yen for a 51% stake in a new joint venture that will hold Sony’s home entertainment business including Bravia televisions, according to a statement Tuesday, confirming an earlier Bloomberg News report. Sony will retain a 49% stake in the business, which includes research and development, design, manufacturing and product sales, as well as home audio equipment.
