Thomson to Sell Consumer Electronics Accessories Activities to Audiovox Jan 25, 2007

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Thomson recently reached a definitive agreement to sell its consumer electronics accessories (CE Accessories) activities outside Europe and the rights to the RCA name and other accessories names in the field of consumer electronics accessories to Audiovox Corporation. The CE Accessories business develops, markets and sells under the RCA, Jensen, Acoustic Research, and other brand names a broad range of accessories that function with audio, video or consumer electronics products.

Audiovox will pay Thomson approximately U.S. $50 million and will also make payments in connection with the sales of RCA-branded CE accessories over the five-year period immediately following closing of the transaction.
 

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