Not a reliable source but more plausible then what is being speculated ITT:<p>&gt;The sale stalled over the transfer of semiconductor technology involved in making LEDs, a device that emits light, one person familiar with the situation said last year.<p><a href="http:&#x2F;&#x2F;www.bloomberg.com&#x2F;news&#x2F;articles&#x2F;2016-01-22&#x2F;philips-scraps-lumileds-sale-to-go-scale-on-u-s-opposition" rel="nofollow">http:&#x2F;&#x2F;www.bloomberg.com&#x2F;news&#x2F;articles&#x2F;2016-01-22&#x2F;philips-sc...</a>