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In April 2008, the Company acquired 64.5 million shares in Pace Micro Technology in exchange for the transfer of the Company’s
Set-Top Boxes and Connectivity Solutions activities which represented a value of EUR 74 million at the date of the closing
of that transaction.
In August 2008, Philips transferred its 69.5% ownership in Medquist to CBAY. A part of the consideration was settled through
the issuance of a convertible bond by CBAY which represented a fair value of EUR 53 million at the date of the closing of
the transaction.
In September 2008, Philips acquired a 33.5% interest in Prime Technology Ventures III in exchange for the transfer of seven
incubator activities which represented a value of EUR 21 million at the date of the closing of that transaction.
In 2007, the Company only received cash as consideration in connection with the sale of businesses.
During 2006, several ownership interests were received in connection with certain sale and transfer transactions.
At the beginning of July 2006, Philips transferred its Optical Pick Up activities to Arima Devices in exchange for a 12% interest
in Arima Devices valued at EUR 8 million.
In June 2006, the merger of Philips Mobile Display Systems with Toppoly Optoelectronics Corporation of Taiwan to form a new
company named Toppoly Display Corporation was completed. Philips obtained a 17.5% stake in this entity as consideration for
the transaction valued at EUR 180 million.
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