( October 12, 2026, 06:23 GMT | Official Statement) -- MLex Summary: TCL Electronics’ proposed acquisition of Sony’s home entertainment business through a wholly owned subsidiary, TTE Corporation, is being reviewed by the Australian competition regulator. In a statement published on Monday, the Australian Competition & Consumer Commission said that the proposal includes acquisition of 51 percent of the share capital of a newly incorporated entity of Sony Corporation, into which Sony will transfer the sales, marketing, distribution, service, design/R&D, product planning, procurement, planning and control, quality assurance and other headquarters functions of its home entertainment business. The statement said that TCL Electronics is a global consumer electronics company. The regulator is seeking views until Oct. 19.Statement follows. Questionnaire is attached....
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