Philips Sells Majority Interest in LED Components Business

Philips Sells Majority Interest in LED Components Business

A consortium led by GO Scale Capital will acquire an 80.1 percent interest in Philips’ combined LED components and automotive lighting business, with Philips retaining the remaining 19.9 percent interest. The transaction values the businesses at about $3.3 billion. The deal is expected to be completed … Read more…

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