SKorea's Daum, Microsoft to work on IPTV
ENT News | at | by Mike
Daum Communications, Microsoft and Celrun Co. said Tuesday they were setting up a joint venture to offer Internet protocol television services in South Korea. The joint venture will be established in February, the three companies said in a press release.
Details, including their respective stakes in the new entity, had yet to be decided, they said. Financial terms weren't disclosed. Daum, South Korea's second-largest Web portal and search engine company, will develop the IPTV content, while Microsoft will offer the latest version of its Internet television software platform, Microsoft Mediaroom, the release said.