Archive for May 27th, 2009

Nortel confirms it wants out of LG joint venture

Nortel Networks today confirmed that it is seeking a buyer for its majority stake in its joint venture with Korean vendor LG Electronics. Rumors of the sale of Nortel’s business divisions have been circulating since the company filed for Chapter 11 bankruptcy earlier this year. While it has acknowledged it is in negotiations to sell some of its business units, today is the first specific plans Nortel has confirmed. more

Good acquires Intercasting for social networking

Good Technology today announced it will acquire social networking platform provider Intercasting Corporation, expanding its reach beyond smartphones and giving it access to tier-one carriers. Terms of the agreement were not disclosed, but the two companies will target the enterprise, government and consumer markets through mobile operators and device manufacturers. more

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ActiveVideo goes after Europe’s interactive TV market

Interactive television provider ActiveVideo Networks today announced plans to acquire Netherlands-based Avinity Systems, which also provides cloud-based interactive TV and applications. By acquiring the complementary company, Silicon Valley-based ActiveVideo Networks is looking to expand its presence in the still nascent market for interactive TV in Europe. more

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