Ericsson says to buy Microsoft Mediaroom business

STOCKHOLM (Reuters) - Telecom equipment maker Ericsson said on Monday it had struck a deal to buy Microsoft Corp's Mediaroom IPTV business, which makes software used by phone companies to deliver television over the Internet. Ericsson said in a statement the deal would make the company, the world's biggest mobile networks maker, the leading provider of IPTV and multi-screen solutions with a market share of over 25 percent. Ericsson, which did not disclose the purchase price, said it expected to close the deal during the second half of 2013. ...

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