Philips sells stake in Vivendi for â¬720 mn
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LONDON, November 25  - Dutch electronics and semiconductor giant, Philips (PHI1.ETR), has sold its entire stake in the French media company, Vivendi Universal.
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Philips Electronics  has  extended its $2.7 billion takeover offer for U.S. lighting  maker Genlyte Group Inc  to January 16, saying not all  regulatory approvals have been obtained yet.
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Dell has won a $700 million hardware and services contract with Philips Electronics. The deal will include the sale of Dell OptiPlex desktop computers, Precision workstations and Latitude
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Vivendi Universal SA, owner of the world&#39;s largest music company, plans to sell a 15 percent stake in Veolia Environnement SA to cut debt and focus on media and mobile-phone businesses.
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Vivendi's Universal Music has agreed to   buy BMG Music Publishing for 1.63 billion euros ($2.1 billion)   in a long-expected deal that makes the world's biggest seller   of recorded music also the largest in music publishing.
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Amsterdam (pts) - Dutch electronics company Philips http://www.philips.com has announced today, Friday, that it has cut its stake in Atos Origin by more than a half.
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LONDON (CBS.MW) - Philips Electronics, the largest consumer electronics maker in Europe, on Tuesday cautioned it expects flat sales in its semiconductor business in the fourth quarter and is seeing ongoing margin pressure in consumer electronics.
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TSMC , the world's largest contract chip maker, said on Friday Philips  plans to sell TSMC shares it owns to help it make an orderly exit from its current $8.5 billion stake in the Taiwan company.
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Pay to triple-play Tiscali has sold its Netherlands subsidiary to KPN for â¬255m.â¦
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(InfoWorld) - Koninklijke Philips Electronics has completed the sale of an 80.1 percent stake in its chip division to a group of private investment houses, the company said Saturday. The stake in NXP Semiconductors, theÂ new nameÂ of the chip unit,Â was sold to a groupÂ including Kohlberg Kravis Roberts & Co. (KKR), Silver Lake Partners, and AlpInvest Partners. Philips expects to take in â¬6.4 billion ($8.12 billion) in cash from the sale, after taxes. The European electronics giant will keep a 19.9 percent share of the business. Philips said the deal places the value of NXP at â¬8.3 billion. There have been a number of chip industry deals this year, including aÂ $17.6 billion offer for Freescale SemiconductorÂ last month. In July,Â Intel soldÂ its communications and application processor business to Marvell Technology Group for $600 million, while earlier this year,Â PMC-Sierra acquiredÂ the storage semiconductor business formerly owned by Agilent Technologies for $425 million.
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Vivendi Universal SA, the French media and telecommunications company, said Tuesday its net loss ballooned to 1.85 billion euros ($2.
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French group Vivendi Universal, the world's largest media conglomerate, announced it had acquired a majority stake in the profitable Moroccan operator Maroc Telecom, confirming its strategy of focussing on telecommunications.
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Dutch Philips Electronics   said on Friday it is to buy U.S. medical  products company Respironics for 3.6 billion euros ($5.17  billion) or $66 per share to strengthen its healthcare  business.
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Shares in LG.Philips LCD Co Ltd  surged on Friday on market talk Japan's Matsushita Electric Industrial was buying a stake in the South Korean flat screen maker, but both firms poured cold water on the talk.
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Vivendi Universal revealed on Tuesday the  full impact of selling most of its entertainment business, as  impairment charges incurred from the deal were largely behind a  nearly trebled first-half net loss of 1.86 billion euros ($2.28  billion.).
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Vivendi Universal SA said Thursday it was selling 15 percent of its water utility Veolia Environnement SA in a move that could raise about euro1.5 billion (&#36;2 billion) and further cut debt at the French media and telecommunications group.
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Philips plans to buy U.S. home medical equipment maker Respironics Inc for $5.1 billion, its largest deal to date in an aggressive expansion in the fast-growing healthcare sector.