Reuters: Technology News: Ericsson to buy Microsoft IPTV business

Reuters: Technology News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Ericsson to buy Microsoft IPTV business Apr 8th 2013, 15:28 Tweet Share this Email Print Related News Deals of the day -- mergers and acquisitions Wed, Mar 27 2013 STMicro, Ericsson split mobile chip unit, 1,600 jobs go Mon, Mar 18 2013 Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » The exterior of Ericsson's headquarters are seen in Stockholm April 30, 2009. Credit: Reuters/Bob Strong STOCKHOLM | Mon Apr 8, 2013 9:18am EDT STOCKHOLM (Reuters) - Telecom equipment maker Ericsson said on Monday it had struck a deal to buy Microsoft Corp's Mediaroom IPTV business, which makes software used by phone companies to deliver television over the Internet. Ericsson said in a statement the deal would make the company, the world's biggest mobile networks maker, the leading provider of IPTV and multi-screen solutions with a market share of over 25 percent. Ericsson, which did not disclose the purchase price, said it expected to close the deal during the second half of 2013. Mediaroom is situated in Mountain View, California and employs more than 400 people worldwide, it added. (Reporting by Niklas Pollard) Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions