Nortel Alum Taps Solar Kingpin for $2.8 Billion Philips Purchase

Updated on

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.