On mySimon: Deadwood - The Complete Series
BNET Business Network:
BNET
TechRepublic
ZDNet

By Margaret Kane
Posted on ZDNet News: Mar 29, 2002 3:30:00 PM

Interactive TV company Digeo said Friday it is acquiring Moxi Digital, the struggling digital home entertainment company, for an undisclosed amount. Vulcan Ventures, an investment firm lead by Microsoft co-founder Paul Allen, is partially funding the combined company, and Allen will serve as chairman of the board of the newly merged company.

Digeo makes software and services for cable companies, which allows them to provide interactive entertainment products to subscribers. It has already inked deals with Allen's Charter Communications and Motorola, and Charter CEO Carl Vogel will serve on the board of directors of the new company.

Palo Alto, Calif.-based Moxi was launched two years ago by WebTV founder Steve Perlman. It debuted with a big splash at this year's Consumer Electronics Show, announcing plans to license technology that would allow set-top boxes to access and store digital media such as movies and music.

Digeo CEO Jim Billmaier will become CEO of the new company, and Moxi CEO Rita Brogley will become executive vice president of business development and marketing. --Margaret Kane, Special to ZDNet News

SponsoredWhite Papers, Webcasts, and Downloads

Talkback

Add your opinion