Monday, November 15, 2010

Daewoo Electronics Bought by Iranian Company

Entekhab Industrial Group just bought Daewoo Electronics.  Daewoo used to be a giant conglomerate who made everything from cars and electronics to AK-47s and supertankers.  They had some financial problems in the 1990s and several of their subsidiaries were spun off.  Daewoo Electronics was bought for about $518 million.

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