Ericsson closes acquisition of Technicolor's broadcast services division

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    • Jan 2009
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    Ericsson closes acquisition of Technicolor's broadcast services division

    (PR-inside.com)
    * The acquisition will bring leading broadcast customers, about 900 highly skilled professionals and playout operations in France, UK and Netherlands * Ericsson is committed to continue to support existing customers and aims to become the leading global provider of managed services for broadcasters * Technicolor's Broadcast Services Division will operate under the Ericsson brand as of today * Purchase price of EUR 19 million and a potential earn-out based on 2015 revenues of the Broadcast Services activity of up to EUR 9 million.Ericsson (NASDAQ:ERIC), ..

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