Sony has announced plans to spin off its TV hardware business, shifting it to a new joint venture with TCL. The two companies have signed a nonbinding agreement for Sony’s home entertainment business, with TCL set to hold a 51 percent stake in the new venture and Sony holding 49 percent.
The new company is expected to retain “Sony” and “Bravia” branding for its future products and will handle global operations from product development and design to manufacturing, sales, and…
