DOCOMO and PacketVideo Form Strategic Alliance to Accelerate Innovation and Growth in Mobile Multimedia Software and Services
NTT DOCOMO, INC. and San Diego, California-based PacketVideo Corporation, a subsidiary of NextWave Wireless Inc. and a pioneer in wireless and digital home multimedia software and service applications, today announced that DOCOMO has acquired a 35-percent stake in PacketVideo for $45.5 million. The all-cash transaction, effective immediately, is intended to strengthen DOCOMO’s position in advanced music and video services in Japan. The companies have enjoyed a productive partnership since 1998, enabling PacketVideo’s technologies to be incorporated in multimedia applications for DOCOMO’s FOMA™ 3G mobile network services. To date, PacketVideo’s popular CORE™ multimedia player, pvPlayer™, has been installed in more than 90 DOCOMO handset models. The strategic alliance will enable DOCOMO to enhance its music and video service offerings while augmenting the competitiveness of both companies. In particular, the strengthened partnership will facilitate the efficient joint development of PacketVideo’s new technologies, ensuring a stable supply of increasingly advanced mobile applications technologies to DOCOMO.
Filed Under: NTT DoCoMo
About the Author: Faysal Chowdhury, a Civil Engineer at day and an intelligent tech blogger at night. Stationed in Dhaka, Bangladesh he is has been with HotCellularPhone.com since the beginning, dated back to 2008. After receiving his Bachelor’s Degree in 2006, he started working as a Civil Engineer for Bangladesh Water Development Board (BWDB) but his tech savvy mind always kept up with the mobile world and keeping everyone updated as well.
