April 28, 2014 / 5:16 AM / 3 years ago

BRIEF-Philips sells WOOX innovations for $135 mln

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:

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