Alcatel agreed to acquire iMagicTV, a developer of software for delivering multi-channel digital television over broadband networks, for approximately US$30 million in aggregate. Alcatel already owns approximately 16% of iMagicTV. The offer represents a premium over iMagicTV's current share price. The iMagicTV IP video solution enables digital TV services, an interactive program guide, video-on-demand, pay-per-view and other interactive information services. iMagicTV is based in Saint John, New Brunswick, Canada.
http://www.imagictv.com
http://www.alcatel.com
- In October 2000, Alcatel and Oracle formed Thirdspace, a joint venture that is developing an interactive, broadband TV framework. The Thirdspace platform was recently chosen by Softbank for its video over DSL deployment in Japan. http://www.thirdspace.tv
