Ericsson (NASDAQ:ERIC) has reached an agreement with Microsoft (NASDAQ:MSFT) to acquire its TV solution Mediaroom business. This will make Ericsson the leading provider of IPTV and multi-screen solutions with a market share of over 25%. Closing expected during the second half of 2013. Mediaroom is situated in Mountain View, California and employs more than 400 people worldwide.
At this point in the game, unloading Mediaroom is the right move for Microsoft…. as the opportunity to merge their IPTV, Media Center, and Xbox platforms came and went years ago. And Microsoft’s current content distribution focus is clearly the Xbox.