Petalstone Group: Difference between revisions

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 | subsid = {{ubl|Petalstone Electronics|Petalstone Engineering|Petalsone Construction & Trading|Petalstone Heavy Industries|Petalstone Consulting Services|Petalstone Insurance|Rosewood-Meranti Worldwide}}
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-'''Petalstone Group''' (stylized as '''PΞTALSTONΞ)''' is a [[Caphirian]] global electronics and media conglomerate headquartered in the [[Bravantiva|Bravantiva Province]] of the [[Imperium of Caphiria]]. It operates as a subsidiary of the [[Venio-Porza Sodesterium]] and comprises numerous affiliated businesses, most united under Petalstone's flagship brand.
+'''Petalstone Group''' (stylized as '''PΞTALSTONΞ)''' is a [[Caphirian]] global electronics and media conglomerate headquartered in the [[Bravantiva|Bravantiva Province]] of [[Caphiria]]. It operates as a wholly-owned subsidiary of the [[Venio-Porza Sodesterium]] and comprises numerous affiliated businesses, most united under Petalstone's flagship brand.
-Petalstone was founded in 1957 as a trading company focusing on food processing, textiles, insurance, securities, and retail. It entered the electronics industry in 1969 and the construction and shipbuilding industries in the mid-1990s; these areas would drive its subsequent growth. Since 2000, Petalstone has increasingly globalized its activities and electronics; in particular, its electronics and entertainment sectors have become its most important source of income.
+Petalstone was founded in 1957 as a trading company focusing on food processing, textiles, insurance, securities, and retail. It entered the electronics industry in 1969 and the construction and shipbuilding industries in the mid-1990s; these areas would drive its subsequent growth. After its IPO in 1970, the company expanded internationally and since 2000, Petalstone has increasingly globalized its activities and electronics; in particular, its electronics and entertainment sectors have become its most important source of income.
 Today, Petalstone operates under three main business divisions: '''Electronics''' (AV, IT & communication products, semiconductors, video games, network services and medical business, home appliances, and consumer electronics), '''Pictures Entertainment''' (theatrical motion pictures, television programs, and recorded videos), and '''Music Entertainment''' (record labels and music publishing). As a result, Petalstone operates the third-largest entertainment business, is among the semiconductor sales leaders, and since 2020, the fifth-largest television manufacturer in the world.
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 Outside of its core business divisions, Petalstone has several additional businesses that function as quasi-independent operating subsidiaries, including [[Petalstone Electronics]] (the flagship company of its electronics division and the world's 2nd-largest information technology company, consumer electronics maker, and chip-maker measured by 2020 revenues), Petalstone Heavy Industries (the world's fifth-largest shipbuilder). and Petalstone Engineering and Petalstone C&T (respectively, the world's 13th and 36th largest construction companies). Other notable subsidiaries include Petalstone Life Insurance (the world's 10th largest life insurance company), Petalstone Certi (operator of the Certi Resort chains), and Rosewood-Meranti Worldwide (the world's 7th largest advertising agency).
-The Venio-Porza Sodesterium acquired Petalstone in 2009 for $235 billion in a half-cash, half-stock deal. Despite being known for its defense and military-related business and companies, Petalstone is the most profitable investment within the entire Sodesterium, generating almost a quarter of its revenue. As of 2020, Petalstone has the 6th highest global brand value. Since its acquisition by VPS, Petalstone has launched numerous environmental practices and initiatives, such as committing to ending its use of coal and shifting to 100% renewable clean energy, and being the first electronics manufacturer to fully eliminate all polyvinyl chloride (PVC) and brominated flame retardants (BFRs) in its complete product line.
+From 2004 to 2008, the Venio-Porza Sodesterium acquired a controlling interest in Petalstone. On 2 January 2009, the sodesterium announced a $235 billion buyout plan to acquire the company. The deal was approved on 1 November 2009. As of 2020, Petalstone has the 6th highest global brand value. Since its acquisition, Petalstone has launched numerous environmental practices and initiatives, such as committing to ending its use of coal and shifting to 100% renewable clean energy, and being the first electronics manufacturer to fully eliminate all polyvinyl chloride (PVC) and brominated flame retardants (BFRs) in its complete product line.
 == History ==
 == Corporate information ==