Microsoft has sold its IPTV platform Mediaroom to Ericsson, in a move that will now let Redmond dedicate all of its resources to its Xbox TV service.
Ericsson was recently rumoured to be interested in buying Microsoft's Mediaroom, but now we have official word that the vital handshake will be taking place.
Microsoft TV is go
"With the sale of Mediaroom, Microsoft is dedicating all TV resources to Xbox in a continued mission to make it the premium entertaining service that delivers all the games and entertainment consumers want – whether on a console, phone, PC or tablet," said the statement.
Either way, more TV services on Xbox Live can only be a good thing. Meanwhile, around 11 million households around the world have Mediaroom - so Ericsson has got itself a good thing here.
Neither company has said how much the business was sold for but we'll assume it was a more than a few bob.
Via The Verge