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DoCoMo Buys Stake in Mobile Video Firm PacketVideo For $45.5 Million

Jul 5, 2009 11:14 PM

PacketVideo, the San Diego-based mobile video and software company that has been around since 1998, has sold about 35 percent stake in the company to Japanese mobile giant DoCoMo (NYSE: DCM). The firm is part of NextWave Wireless. The all-cash deal is intended to “strengthen DoCoMo’s position in advanced music…

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Posted In: Mobile, Money, M&A & Venture Capital, Mergers & Acquisitions, Social Media, Video, Companies, DoCoMo, packetvideo

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