ACTV to Purchase Intellocity

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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.