Ericsson bolsters its media content with Red Bee acquisition
Swedish technology provider Ericsson announced its intention to acquire media services company Red Bee Media for a yet undisclosed sum.
Whilst still a very much relevant vendor of telecommunications and networking equipment, media services has never been a field of Ericsson’s. This was left somewhat down to joint venture with Sony; in aptly-named Sony Ericsson, until the companies separated last year.
Quite how Ericsson plans to use the expansion, or for how much they were willing to pay, is not yet...