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Stock impact report

Read More: Sony And TCL To Establish ‘Strategic Partnership’ For Home Entertainment Products [Forbes]

Sony Group Corporation American Depositary Shares (SONY) 
Company Research Source: Forbes
venture set to encompass the entirety of Sony's home entertainment products business. According to Sony's statement, the new joint venture it and TCL have agreed to establish would handle “the full process from product development and design to manufacturing, sales, logistics and customer service for products, including televisions and home audio equipment.” A state of affairs that becomes even more eye-opening when you realise that the joint venture will operate under an arrangement where TCL will have the majority shareholding: 51% to Sony's 49%. So what's in this for Sony. According to Sony's own statement, which feels like it was released to give the Japanese brand control over the narrative before the story perhaps broke independently, establishing the joint venture with TCL will “advance its business by leveraging Sony's high-quality picture and audio technology cultivated over the years, brand value and operational expertise including supply chain management, while utiliizi Show less Read more
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