|Jan 3, 2013, 07:46 AM||#1|
Microsoft Acquires Apple Target R2 Studios
In late December, it was*reported that Apple was one of three companies, with Google and Microsoft being the others, in talks to acquire home automation firm R2 Studios.*The Wall Street Journal is now*reporting that Microsoft has acquired the firm to beef up its Xbox unit.
The report notes that Microsoft has been working hard to transform its Xbox platform into a digital media hub, striking deals with HBO, Netflix, YouTube, Comcast, and Time Warner for on-demand and Web video.
Apple is of course also rumored to be interested in the television market beyond its existing Apple TV set-top box. Apple has reportedly been working on both new set-top boxes and Internet-connected television sets as part of an effort to remake the television viewing experience, but progress has been slow due to complicated negotiations with content providers.
Article Link: Microsoft Acquires Apple Target R2 Studios
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