LG Says It Has No Plans to Sell TV Business
18 Articles
18 Articles
'These reports are groundless': A report claimed LG wanted to exit the TV business and offload it to a Chinese brand, following similar moves from Sony and Panasonic — but LG says the story is 'entirely speculative and misleading'
LG hits back at 'baseless' reports that it was looking to partner up with Hisense for the future — and the original report has disappeared.
LG Denies Reports of TV Business Sale to Hisense Amid Growing Competition From Chinese Brands | 📲 LatestLY
LG Electronics has strongly refuted media reports suggesting that the company is considering a restructuring or outright sale of its television business to Chinese electronics manufacturer Hisense. In a statement to the media, the South Korean tech giant dismissed the claims, calling the ongoing speculation "incorrect and misleading." 📲 LG Denies Reports of TV Business Sale to Hisense Amid Growing Competition From Chinese Brands.
LG To End TV Business
The South Korean electronics brand LG has had a good dominance in the TV industry for the past 30 years and now we have a new piece of information that says the company is planning to shut down its TV business as well. It is worth mentioning that the company previously ended the business of [...]
LG Electronics is allegedly considering relinquishing its TV division to Hisense. There is already an official statement on the rumors. The rumors have come up fresh in South Korea. According to this, senior representatives of LG Electronics have met with the management of Hisense. It is said that there has been a discussion about how the TV division can be continued – possibly also through a sale to Hisense. The latter put heavy pressure on LG …
According to a persistent rumour, LG Electronics would consider selling its TV division in the face of financial losses and fierce Chinese competition. This scenario would mark the end of a 60-year-old era and signal a shift towards its webOS system, strongly recalling LG's withdrawal from the smartphone market in 2021.
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