Brussels, 17/08/2005 (Agence Europe) - The European Commission has, under the EU Merger Regulation, approved the proposed acquisition by Hong Kong based TPV Technology Limited (“TPV”) of Dutch Royal Philips Electronics NV's businesses active in the sale of computer monitors and flat screen televisions to Original Equipment Manufacturer (OEM) customers (“Philips Monitors”). Although the parties' combined market share is ahead of that of competitors, the Commission explained that TPV and Philips Monitors will continue to face strong competition post merger, from Samsung, LGE or BenQ.