NTT Docomo has reached an agreement with NextWave Wireless to acquire the remaining 65 per cent equity interest in PacketVideo, a subsidiary of NextWave Wireless, for $111.6 million, turning PacketVideo into a wholly owned subsidiary of NTT Docomo.

Docomo acquired a 35-per cent stake in PacketVideo from NextWave in July 2009. Docomo aims to create synergies with PacketVideo for enhanced media services, including the creation of an all-new domain of services that allow users to easily link their mobile handsets with home electronic devices to remotely enjoy and share content.

Other posts by Nick Snow:

1. Ride to thrive
2. Here isn’t the news
3. Paramount end game?
4. 2024, less will be more
5. AVoD: A Very Onerous Deal?
6. Dominion sees end of KRM reign
7. Charter: The streamer showdown
8. And, so, it is written
9. BT: Tough gig

Categories: Broadband, Equipment