D&M Holdings, the owner of the DVR maker Replay TV announced today that it had sold ReplayTV to the DIRECTV Group.
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DIRECTV Group is the leading satellite TV provider in the US. The terms of the agreement were not released.
"Although we valued this asset and the business was profitable, the sale of ReplayTV(R) to DIRECTV makes the most sense for this business, its employees and us," said Chairman and CEO, Eric C. Evans. "We believe this transaction is a positive development for ReplayTV(R) and this sale allows D&M to further direct our focus on building our brands and executing our growth and acquisition strategies."
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Via D&M Holdings