Sony is a big company. It makes TVs. Sony will make TVs with TCL. TCL is a Chinese company. TCL will own most of the TV business. Sony will own some too.
Sony Group is splitting off its TV business. They are creating a joint company with TCL, a major Chinese electronics company. TCL will own the majority of the new company, 51%, while Sony will have 49%. This new company will take over Sony's TV and audio equipment operations.
Sony Group Corporation is divesting its television business into a joint venture with TCL, a leading Chinese consumer electronics manufacturer. TCL will hold a controlling stake of 51%, with Sony retaining 49%. The joint venture will assume responsibility for Sony's TV and audio equipment operations, leveraging TCL's manufacturing capabilities and market access to enhance competitiveness.