NextWave Complete PacketVideo Sale
socalTECH
OCTOBER 8, 2010
San Diego-based NextWave Wireless said Friday that it has completed the sale of its 65 percent equity interest in PacketVideo. The firm said the sale, to NTT DOCOMO , was worth $111.6M. NextWave Wireless said it will result in net cash proceeds of $106.5M from the sale. going towards working capital.
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