BRIEF-Philips sells WOOX innovations for $135 mln

April 28 Mon Apr 28, 2014 1:16am EDT

April 28 (Reuters) - Philips

* Signed an agreement regarding sale of WOOX innovations to Gibson brands, inc.,for $135 million

* Deal also includes license agreement for an initial period of 7 years. Deal is expected to close in second half of 2014 Further company coverage: