NEC takes 20% stake in Packard Bell

Wednesday 05 July 1995 23:02 BST

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NEC takes 20% stake in Packard Bell

The US computer electronics company NEC is taking a 20 per cent stake in its competitor Packard Bell, in what the companies yesterday called the first step towards creating a strategic alliance in the global market for multimedia. Under the agreed deal, NEC will pay $170m for the stake.

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NEC takes 20% stake in Packard Bell

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