Ericsson Buys Microsoft's IPTV Software Platform
So Microsoft Can Focus Solely on the Xbox
Ericsson has announced
that the company will be buying Microsoft's Mediaroom IPTV platform, which powers the TV efforts of numerous companies including AT&T U-Verse. According to Ericsson the deal should close during the latter half of 2013, and the acquisition nets Ericsson more than 25% of the IPTV platform market. In a blog post
, Microsoft proclaims that the deal " allows Microsoft to commit 100 percent of its focus on consumer TV strategy with Xbox" (and of course stop lending competitors a hand). The company's next Xbox is expected to be announced in May and launched in November, and is rumored to come in two flavors -- one being a less expensive version that solely focuses on streaming video.