Ericsson confirms the acquisition of Microsoft's Mediaroom IPTV business, a move making Ericsson the biggest IPTV and multi-screen solution provider, with over 25% market share.
The financial details of the deal are not available but Bloomberg suggests Mediaroom is worth up to $1 billion.
The sale confirms the Microsoft TV strategy-- the company says it is "dedicating all TV resources to Xbox in a continued mission to make it the premium entertainment service... whether on a console, phone, PC or tablet."