ACTV to Purchase Intellocity
By BroadCasting & Cable Staff -- Broadcasting & Cable, 2/18/2001 7:00:00 PM
ACTV is acquiring Intellocity for $32 million in common stock, a move ACTV believes will enhance its position in the interactive-television area.
Intellocity recorded $8.3 million in revenue in 2000 and also had a positive net income. It is currently working with companies like ESPN, Sony and nCube and is involved in interactive-TV portal deployment and enhanced television.
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