How crazy is Intel to expect someone to pay $500 million for OnCue? The price tag, reported this week by Bloomberg, seems high. Though Intel's would-be over-the-top pay-TV service has been in closed trials with some Intel employees, it never launched commercially and has no subscribers.
Apple confirmed yesterday that it is the new owner of PrimeSense, the Tel Aviv-based developer of 3D-based gesture recognition technology.
Valley Telecom made its initial payment of about $3.54 million for Alvarion, in accordance with a court-approved agreement to buy the former WiMAX gear maker out of receivership. The payment marked Valley's assumption of management and financing of Alvarion's operations.
Vancouver-based CLEC Teliphone Corp. is selling its IPTV assets to Coastline Broadcasting Ltd., a regional cable operator based in Black Creek, British Columbia.
A top Huawei executive's comments opened the door to the possibility of the Chinese firm gaining a strong foothold in the U.S. network gear market via a takeover of Nokia, which could give Huawei control of Nokia Siemens Networks.
Forget about the idea of AT&T or any other service provider bulking up its online presence by adding Hulu to its portfolio. Hulu's owners--21 st Century Fox, Walt Disney Co. and Comcast-owned NBCUniversal--have again withdrawn the company from the sales block, and will invest $750 million into the service themselves.
AT&T's purchase of Leap Wireless for $15 per share, or about $1.19 billion, and its integration of that company's PCS and AWS band spectrum, covering 137 million people, into its existing spectrum licenses will be a major cog in Project Velocity IP (Project VIP), the carrier's multibillion-dollar wireless/wireline expansion of U-verse.
AT&T's plan to take over prepaid wireless operator Leap Wireless is primarily about gaining much needed spectrum for mobile broadband services.
AT&T is reportedly bidding, with Chernin Group, on Hulu. But does the purchase make sense for a provider that already has extensive resources and a thriving IPTV business, complete with content? It might, when one looks at the rise of connected devices.
Ericsson is obviously following a planned strategy that all video is IP-based and, at the same time, all video media--traditional broadcast, wireless and IPTV--are interrelated. The latest evidence of this ongoing strategy is Ericsson's announced plans to acquire U.K.-based media services company Red Bee Media.