OpenTV expands ITV footprint with two acquisitions
OpenTV is acquiring competing interactive TV provider ACTV in a stock-for-stock merger and separately buying complementary ITV vendor Wink Communications from Liberty Broadband Interactive Television for about $101 million in cash. Liberty acquired Wink only last month for about the same price.
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These two transactions put OpenTV in a position to offer interactive television across virtually all technology platforms. The combined entity will have about $160 million of cash, no debt and a footprint that exceeds 35 million homes with one ore more interactive TV [iTV] services, including interactive advertising and t-commerce, middleware, enhanced media, interactive games and iTV tools that enable content developers, programmers and advertisers a way to enhance their programming and content for iTV.--Jim Barthold, senior editor
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