'These reports are groundless': A report claimed LG wanted to exit the TV business and offload it to a Chinese brand, following similar moves from Sony and Panasonic — but LG says the story is 'entirely speculative and misleading'

LG has responded to reports suggesting the company intended to exit the TV business and transfer its operations to the Chinese brand Hisense, labeling the claims as 'entirely speculative and misleading.' The original report has since been removed.

This denial is significant as it underscores LG's commitment to maintaining its presence in the competitive television market, especially following similar strategic shifts by other major brands like Sony and Panasonic, which could influence consumer confidence and market dynamics.