Aug 2, 2010

DoCoMo To Buy Out U.S. Video Software Firm For Y10bn

NTT DoCoMo plans to invest around 10 billion yen before the end of the year to turn U.S. wireless multimedia software firm PacketVideo into a wholly owned unit, The Nikkei learned Sunday.

In July 2009, DoCoMo acquired a roughly 35% stake in the California-based company from parent NextWave Wireless Inc. DoCoMo has now reached an agreement with NextWave to acquire the remaining shares.

Nikkei 8/2/2010

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