Ericsson to buy Microsoft IPTV business

By Niklas Pollard and Sven Nordenstam STOCKHOLM (Reuters) - Swedish telecom equipment maker Ericsson struck a deal on Monday to buy Microsoft Corp'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. ...

via Tech News Headlines - Yahoo! News http://news.yahoo.com/ericsson-says-buy-microsoft-mediaroom-business-131808034--finance.html