DMN Features: "Sad day" as Philips exits home entertainment

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FROM: DMN Editorial

DATE: Jan. 29, 2013 7:22 pm gmt

SUBJECT: "Sad day" as Philips exits home entertainment
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Philips is getting out of the shrinking home entertainment sector, after agreeing to sell its audio and video business to Japan's Funai Electric Co for 150 million euros. The Dutch group's CEO Frans van Houten says they will focus on their more profitable home appliances and healthcare operations. Joel Flynn reports

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