Philips sells stake in Vivendi
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Philips Electronics, Europe&#39;s largest maker of CD players, said Thursday that it had sold its 3 percent stake in Vivendi Universal, owner of the world&#39;s biggest music company.
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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.ADVERTISEMENTMAKE SOA REAL WITH IBM WEBSPHERE PODCASTStreamline processes and maximize efficiency within a proven service oriented architecture. Take back control of your business processes with IBM WebSphere.
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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.
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Vivendi says Deutsche Telekom colluded with a Polish investor to steal its shares in a Polish cellular company, wiping out a $2.5 billion investment.
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Private equity firms Kohlberg Kravis  Roberts & Co.  and Silver Lake Partners appear to have  won an auction for Philips Electronics NV's   semiconductor division, the Wall Street Journal reported on  Tuesday, citing people familiar with the matter.
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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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(InfoWorld) - Philips Semiconductor unveiled its new name Thursday, becoming NXP after 50 years as the semiconductor division of the Dutch electronics conglomerate. NXP stands for "Next Experience," the company said in a statement. The name was changed afterÂ a group of private equity firms bought an 80.1 percent stake in the company. Bain Capital, Silver Lake Partners, Apax and AlpInvest Partners NV worked withÂ leader Kohlberg KravisÂ RobertsÂ & Co.Â on the deal, and Koninklijke Philips Electronics N.V. retained a 19.9 percent stake in the chip maker. Frans van Houten will continue as the company's chief executive officer. The new shareholders will invest â¬1 billion (US$1.28 billion) in research and development, the company said, but did not specify over what period. The company will maintain its headquarters in Europe, with a total of about 37,000 employees in 20 countries.
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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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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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Vivendi said Wednesday its Universal Music arm had agreed to buy BMG Music Publishing in a $2.1 billion USD deal. In return, BMG parent Bertelsmann AG has agreed to pay $60 million to settle litigation surrounding its support of Napster.
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(SINGAPORE) Dutch electronics giant Philips said on Thursday it will sell its OEM monitor business and part of its flat-screen TV operations to Taiwan&#39;s TPV Technology for US$350
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BERLIN -- German media company Bertelsmann AG has signed a "definitive agreement" to sell BMG Music Publishing Group to Vivendi for $2.09 billion, the companies announced Wednesday.
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Royal Philips Electronics continued its withdrawal from non-core stakes on Friday by slashing its stake in Atos Origin by more than half.
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Philips Electronics announced Friday that it would launch a friendly cash takeover bid for US medical equipment company Respironics, valuing it at 5.1 billion dollars (3.6 billion euros).
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By David Lieberman  NEW YORK -- Vivendi's Universal Music Group put itself in line to become the world's No.1 music-publishing company on Wednesday after its $2.1 billion offer won a widely watched bidding war for Bertelsmann's BMG Music Publishing Group.
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ING Group NV will sell its Atlanta-based life insurance business to Britain&#39;s Prudential PLC in a $256.8 million deal designed to realign the Dutch financial services giant&#39;s international operations.
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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.).