JVC and Funai Electric enter a wide-ranging business alliance in video equipment.
Not a stock and cash deal like last year’s JVC/Kenwood merger deal, this is an operating alliance where the two companies look for cost-savings in both development and production.
Funai will entrust production of LCD televisions to JVC’s factory for the Americas (in Mexico.) Funai Electric will also give the development of LCD televisions to be sold primarily in Europe to JVC by June 2008.
JVC will let Continue reading...