Multimedia Set-Top Developers to Merge
Two cash-poor start-ups with ambitious goals to revolutionize the delivery of home entertainment have decided to merge.
Moxi Digital, based in Palo Alto, and Digeo, based in Kirkland, Wash., are developing platforms for multimedia set-top boxes.
Financial terms weren’t disclosed. The new company will be named Digeo, with headquarters in Kirkland and Palo Alto.
The companies saw that their missions were nearly identical: to give television viewers easy access to a new world of entertainment, information, communications and commerce.
Their products--a set-top box platform that would act as a gateway for TV programming, video, music and the Internet and be distributed to multiple televisions in a house--even had some of the same components.
No layoffs of the 217 employees at Digeo and the 111 at Moxi are planned.
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