DirecTV Buys ReplayTV

By Geoff Duncan
December 17, 2007

Satellite television operator DirecTV is buying most of the assets of DVR maker ReplayTV, perhaps in a move to shore up its DVR offerings and intellectual property.

Satellite TV operator DirecTV has inked a deal to aquire most of the assets of ReplayTV from its current corporate owner, Japan's D&M Holdings, Inc.

"Although we valued this asset and the business was profitable, the sale of ReplayTV to DirecTV makes the most sense for this business, its employees and us," said D&M Holdings chair and CEO Eric C. Evans, in a statement. "We believe this transaction is a positive development for ReplayTV and this sale allows D&M to further direct our focus on building our brands and executing our growth and acquisition strategies."

Financial terms of the purchase were not disclosed. D&M will continue to handle existing service contracts for current ReplayTV subscribers, while DirecTV will assume most of the rest of ...

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