Asia Express
Videocon Reportedly Buying Daewoo for US$700mln
October 20, 2006
According to a report by Reuters News, India-based Videocon has signed an MOU (Memorandum of Understanding) to buy Korea-based Daewoo for US$700 million. This deal is expected to be finalized by the end of 2006. Other details of this acquisition deal were not yet known.