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DirecTV buys ReplayTV? Strange

 
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WanMan




Joined: 19 Mar 2006
Posts: 10273



PostLink    Posted: Thu Dec 13, 2007 10:27 am    Post subject: DirecTV buys ReplayTV? Strange Reply with quote

I'm guessing the 2010 times-up condition for D* not to be caught by law-suiting TiVo has D* scurrying around for alternatives:


Japan's D&M sells ReplayTV business to DirecTV

(Updates with details, background)
TOKYO, Dec 13 (Reuters) - Japan's D&M Holdings Inc said on Thursday it had sold its ReplayTV business, which develops software for digital video recorders, to DirecTV of the United States for an undisclosed sum.
D&M, 49 percent-owned by RHJ International, the holding company of U.S. buyout fund Ripplewood, bought the ReplayTV business along with portable music player brand Rio in 2003 for about $36 million.
D&M sold Rio's technology assets in 2005 to Sigmatel, exiting the MP3 digital audio player market.
The company said the sale of ReplayTV would allow it to focus resources on its other businesses, which include high-end audio brands Denon, Marantz and McIntosh.
D&M restructured the ReplayTV business, stopping production of hardware to focus on software. It currently supplies software for recording of TV programmes and video content on personal computers.
After the announcement, shares of D&M closed the morning session down 1.6 percent at 437 yen. The benchmark Nikkei average fell 1.2 percent. (Reporting by Taiga Uranaka and Nathan Layne; Editing by Malcolm Whittaker)

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