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OpenTV buys Wink for $101 million
Posted by Webmaster on May 5th 2003 | Comments Closed
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Two well-established interactive TV companies have become one. OpenTV announced the acquisition of Wink TV from Liberty Broadband Interactive telelvision for approximately $101 million ni cash. This, say the companies, is the same amount paid by Liberty to acquire Wink a short while ago.
Wink’s management will join that of OpenTV, which is headed by CEO James Akcerman. Tim Travaille executive vice preisdent of finance and business development for Wink has been appointed interim chief operating office of OpenTV. Travaille joined Wink in 1997 after serving as vice president for AT&T Wireless. Maggie Wildetrotter, president and CEO of Wink is stepping aside and will continue to work with the merged company as a consultant.
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Since being released from an un-named government facility where he took vocational courses on web management and hooked rug weaving, tirelessly keeps the servers, the web pages and all that crazy HTML stuff running. Found in a shoe box outside of Wallmart in downtown BC in 1955, a sickly child, he grew up to be team captain of the high school Parcheesi team and went on to the national champions.
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