Japanese technology firm Funai Electric Co. Ltd. agreed to buy the remaining interests in Royal Philips Electronics’ (NYSE: PHG, AEX: PHIA) home entertainment business for $201 million.

Philips, which had already sold its North American TV and DVD operations to the Osaka, Japan-based buyer in 2008, is divesting the rest of its lifestyle entertainment division, which includes global disc players and its Fidelio high-end audio business.

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