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Archive of posts tagged Gibson Brands

Philips Wants Funai to Cough Up $235M

Funai Electric announced that Philips is seeking €171.8M (US $235.4 million) in compensation for its failed attempt to sell its audio, video, multimedia and accessories business to Funai.

Philips to Sell WOOX Innovations AV Business to Gibson

After bailing out of the last deal with Funai Electric, Royal Philips announced that it will sell its  audio, video, multimedia, and accessories business (WOOX Innovations) to Gibson Brands for $135 million, as well as enter into multi-year license agreement.