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Technology / AI and automation

PHILIPS DENIES RUMORS OF VIRTUALITY TAKEOVER BID

Philips Electronics NV on Friday declined to comment on speculation swirling around the London stock market that it had UK virtual reality pioneer Virtuality Group Plc in its sights as a bid target. We never comment on market rumours, it said, recalling that the company has a very small stake in the firm: There are some things we’re discussing with them at the moment but that’s product related, it added – Whether that’s causing the speculation I don’t know. Virtuality climbed 1.5 pence to 76.5 pence in London on the takeover speculation.

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