Ericsson To Acquire Microsoft Corp's Mediaroom Business

Monday, 8 Apr 2013 09:13am EDT 

Ericsson announced that it has reached an agreement with Microsoft Corp to acquire TV solution Mediaroom business. Closing expected during the second half of 2013. Mediaroom is situated in Mountain View, California and employs more than 400 people worldwide. Mediaroom will be incorporated into Business Unit Support Solutions. Financial terms of the transaction were not disclosed.