NTT DoCoMo Buys Out PacketVideo
Aug 2, 2010, 5:27 AM by Philip Berne
Japan's NTT DoCoMo will buy the remaining portion of San Diego-based PacketVideo Corporation from NextWave Wireless. DoCoMo currently owns 35% of PacketVideo from a deal made last year, and the carrier will spend $111.6 million to purchase the remaining share. The deal is subject to U.S. regulatory approval. PacketVideo creates software to show multimedia content on wireless handheld devices. The software is used on handsets worldwide, including on devices sold by Verizon Wireless, Motorola and Nokia.
Domo Arigato Mr. Roboto
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