Plainview Internet TV company acquires Beijing set top box maker
Thursday May 20, 2010 11:16 AM
By Emi Endo
emi.endo@newsday.com
Plainview-based NeuLion Inc., an Internet television company, will acquire the operating interest of the maker of the set top boxes it uses in a deal valued at about $11.7 million, the company has announced.
NeuLion will acquire TransVideo International Ltd., based in Beijing, in exchange for about 22 million company shares. The deal will give NeuLion “greater control over the future."
For more information contact:
Mitch Drew
National Sales Executive
NeuLion
604-664-7727 #303
mitch.drew@neulion.com
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