The EU for the acquisition of PHILPS's AOC display transaction green light

European antitrust authorities Monday for AOC Technology (TPV Technology Ltd) $358 million to buy PHILPS Electronics (Philips Electronics NV) monitor department open green trade.

EU antitrust authorities said that AOC technology company specializes in the production of TV, computer monitor, its acquisition of PHILPS electronics sector monitor deal "does not endanger the EU 25 country effective competition environment".

The EU said, although after the acquisition of AOC's market share ahead of its competitors, but TPV and PHILPS still faces strong competition from Samsung, LG electronics and BenQ, etc.."

After the acquisition of AOC technology company will surpass South Korea's Samsung Corp to become the world's largest manufacturer of computer monitors, its market accounts for about 1/3 of the global market.