Top Story


Home >> Marketing >> Article

Videocon to buy Thomson for $1 bn

Font Size   16
Videocon to buy Thomson for $1 bn

Yet another Indian corporate group is all set to conquer the world. Videocon group, the country's largest television-maker, is close to clinching a deal to acquire three divisions of the Thomson group, the 7,994 million euro French media and entertainment giant, for a consideration of over $1 billion.

As part of the deal, Videocon is eyeing Thomson's television picture tubes factories in Europe. A formal announcement is slated to be announced by next week, sources said.

If it goes through, this could transform the Indian electronics giant into the world's largest maker of television tubes and also act as a springboard for Videocon's plans to expand overseas. With the advantage of a manufacturing hub, Videocon will then seek to stretch its footprint across fortress Europe.

The Dhoots, founders of the Videocon group, have found a novel way to structure the deal and lessen the financial impact on Videocon International, its flagship company which sells consumer durables under the Videocon brand.

The cash-rich Videocon Industries, a group company, will enter into an agreement with Thomson group. The company owns 50% stake in Ravva oilfields which rakes in close to Rs 600 crore annually from exploration.


Innovation and connecting with customers in all ways possible is their mantra for successful marketing communication

Bixler revealed that the likes of The Ministry of Tourism, The Art of Living and The Indian Debating Union have partnered with the festival that will be showcasing the culture and diversity of India

In conversation with exchange4media, Vighnesh Shahane, CEO, IDBI Federal Life Insurance, spoke about his vision for this new marketing initiative, how the brand’s marketing efforts through sports have helped them and his business goals for 2018

This agency was born after national brands reportedly struggled to connect with the south Indian audiences

The agency has been awarded the reins of the account in the aftermath of a competitive multi-agency pitch.

In an effort to make Indian roads safer for women scooter riders, leading tyre manufacturer CEAT has introduced the CEAT Safety Grip - a perfect combination of innovation and functionality

Partners with Mumbai Juniorthon as ‘Safety Travel Partner’