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OpenTV completes Wink buy

Sun, 10/06/2002 - 8:00pm
Susan Rush

Less than two weeks after announcing its plan to buy Wink Communications, OpenTV has closed the deal.

OpenTV picked up the interactive television company from Liberty Broadband Interactive Television for $101 million, the exact amount Liberty Broadband recently paid to acquire Wink. Liberty Broadband bought a controlling interest in OpenTV in May.

Wink's Tim Travaille will assume the position of interim chief operating officer of OpenTV. Travaille is replacing Marty Leamy, who has decided to step down as president and chief operating officer.

OpenTV also has snapped up ACTV. The two acquisitions gives OpenTV roughly $160 million in cash, no debt and expands its worldwide footprint to more than 35 million homes with one or more of its iTV products or services, according to the company.

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