STOCKHOLM, April 8 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
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.