IBM acquires $15.8 million stake in China’s largest TV builder

IBM’s Chinese subsidiary has acquired a $15.8 million stake in Changhong Electric, China’s largest television set maker.

IBM Global Services China, the services and consulting arm of IBM China, has acquired a 1.56 percent stake in Sichuan Changhong Electric from its parent company and largest shareholder, Sichuan Changhong Group. Changhong Group transferred 29.76 million shares to IBM on Jan. 16, with the transaction valued at 53 cents per share. Based on that valuation, IBM’s stake in Changhong Electric is worth $15.8 million.

In addition to television sets, Changhong also produces air-conditioners and other electronics products, including MP3 players, set-top boxes and DVD players. The company is also an IBM customer, having adopted the Product Innovation Management model developed by IBM Global Services.

CATEGORIES
Latest in Products
Baton QC diagram
Norway’s NRK Improves Operational Efficiency With Interra Systems
Diversified offices in Plano, Texas
Diversified introduces Atlas Orchestrate Cloud Deployment Platform
VENICE Extension System Mini (CBK-3621XS), the latest addition to its CineAlta lineup.
Sony To Feature New VENICE Extension System Mini At 2025 NAB Show
Appear
NAB Show: Appear to Introduce VX Media Gateway
GatesAir
GatesAir to Debut ASTC 3.0 Modulator for LPTV at 2025 NAB Show
WPLG new studio
WPLG Selects Ikegami HDK-X500 Cameras For New Production Studio
Latest in Product
VB440
Bridge Technologies Adds AV Sync Generator to VB440 Suite
Harmonic VOS360
Harmonic to Showcase New Origin Capabilities for VOS at 2025 NAB Show
Evergent Logo
Evergent Expands Monetization Platform with New AI Tools at 2025 NAB Show
NAB
NVerzion to Showcase Web Hybrid Utility at 2025 NAB Show
Sony
Sony to Showcase New E-Mount Lens for its Mirrorless Cameras at the 2025 NAB Show
NAB
G&D, VuWall to Showcase New Broadcast Workflow Solutions at 2025 NAB Show