TOKYO - Sony Corp. said Tuesday it will spin off its home entertainment business into a joint venture with major Chinese television maker TCL Electronics Holdings Ltd. as it seeks to boost its global competitiveness.
TCL will hold a 51 percent stake in the venture, with Sony, a wholly owned subsidiary and the electronics unit of Sony Group Corp., holding the remaining 49 percent. The new company will continue to use the Sony name and the Bravia TV brand for its products.
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