DON'T SHARE NUISANCE.
Ericsson in talks to buy Microsoft's TV software unit: Report
Ericsson is in talks to buy Microsoft Corp's IPTV business, which makes software used by phone companies such as AT&T to deliver television over the Internet.
Stockholm: Ericsson is in talks to buy Microsoft Corp's IPTV business, which makes software used by phone companies such as AT&T to deliver television over the Internet, Bloomberg reported, quoting people with knowledge of the matter.
Bloomberg said the transaction could be announced as soon as the coming few weeks. Both Microsoft and Ericsson declined to comment on the report.
Internet protocol television (IPTV) uses the same technology that powers the Internet to transmit multimedia content over telecom and cable networks.
Ericsson, the largest maker of wireless networks, wants to cater to phone companies that are competing with cable, satellite and web-based media providers.
Microsoft, the biggest software maker, intends to focus on delivering TV through its Xbox games console, a person familiar with the plans told Bloomberg.
Microsoft's website says its Mediaroom IPTV platform is offered by more than 40 of the world's leading operators, delivering services to more than eleven million households.
Recommended For You
- Virat Kohli Says Champions Trophy Most Competitive 'Big' Tournament
- Maruti Suzuki Says Most Models to Have Automatic Transmission Options by 2020
- Krunal Pandya: Kept Cool Head, Knew MI's Chances Rested On My Shoulders
- Read Exclusive Excerpts From Sita: Warrior of Mithila by Author Amish
- All I Want Becomes First Indian Film To Win At Short Film Fest In Cannes