Nortel Alum Taps Solar Kingpin for $2.8 Billion Philips PurchaseJonathan Browning
Royal Philips NV used its prowess producing light bulbs at the end of the nineteenth century to become a consumer giant with innovations including the compact disc. Now a group of Chinese buyers is spending $2.8 billion for Philips’s lighting components unit, adding to their own portfolio that stretches from electric cars to batteries.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.