Ericsson Closes Microsoft Mediaroom Buy

Ericsson (NASDAQ:ERIC) has completed its acquisition of Microsoft's (NASDAQ:MSFT) Mediaroom business and TV solution. Mediaroom is based in Mountain View, CA, and employs more than 400 people worldwide. The former Mediaroom business unit, including staff, will be integrated into the Ericsson group under the Business Unit Support Solutions, and will be called Ericsson Mediaroom.