Bloomberg News

EU Clears TPV’s Acquisition of Color-TV Business From Philips

February 24, 2012

Feb. 24 (Bloomberg) -- The European Commission said it approved the proposed acquisition of the branded color- television business of Royal Philips Electronics NV by TPV Technology Ltd., a manufacturer of color TV sets and computer monitors.

The commission, the European Union’s antitrust regulator in Brussels, concluded that the transaction will not raise competition concerns “due to the limited overlaps between the parties’ activities and to the fact that sufficient alternative sources of supply will continue to be available to the merged entity’s customers in all markets concerned,” according to a statement released today in Brussels.

To contact the reporter on this story: Jim Brunsden in Brussels at jbrunsden@bloomberg.net

To contact the editor responsible for this story: Jones Hayden at jhayden1@bloomberg.net


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