Sony hands TV business to TCL. What it means for you.

Sony is effectively stepping back from the day-to-day business of making TVs, and handing the reins to TCL. The two companies announced they’ve signed a memorandum of understanding to form a new joint venture that will take over Sony’s home entertainment business, including televisions and home audio gear.

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Under the plan, TCL will hold a controlling 51 percent stake, while Sony retains 49 percent.