Ericsson to buy Microsoft IPTV business

Swedish telecom equipment maker Ericsson struck a deal on Monday to buy Microsoft’s Mediaroom IPTV business, which makes software used by phone companies to deliver television over the Internet, making it the world’s leader in a growing business.

The sale marks the end of Microsoft’s two-decade effort to put itself at the front of a technology shift toward internet television that did not materialize the way it expected. The world’s biggest software company said it will now focus its TV ambitions on its popular Xbox game console, which is a vehicle for all types of entertainment.

via Business feed http://www.scmp.com/business/companies/article/1210585/ericsson-buy-microsoft-iptv-business