Media Industry
Industry: Email Alert RSS FeedThe race to deliver interactive TV services on set-tops intensified last week as OpenTV grabbed Spyglass and Liberate Technologies took over Morecom.(Brief Article)
Broadcasting & Cable, April, 2000
OpenTV is acquiring Web browser maker SpyGlass in a $2.5 billion stock swap to add Internet software capabilities to its portfolio. Liberate is picking up Morecom, another interactive TV developer, in a $561 million stock transaction as a way of boosting its profile on satellite TV systems." In each case, the company being acquired rounds out the technology that the acquiring company can offer," said Jim Penhune, analyst for the Boston-based Yankee Group.
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