Comcast Corp., the world's largest cable television operator, and Cox Communications Inc. on Monday agreed to buy Liberate Technologies Inc.'s North American business for about $82 million to add software for digital cable systems.
Comcast, based in Philadelphia, is majority owner of the joint venture -- called Double C Technologies -- that is buying the assets, according to Liberate, which is based in San Mateo, Calif. Cox, the nation's third-largest cable television operator, holds a minority stake.
The joint venture will offer jobs to about 130 of Liberate's employees, mostly in Canada. Liberate, which makes software for television set-top boxes, will retain its European business.
The deal "enables us to continue to work with Liberate on our interactive-television project," said David Grabert, a spokesman at Cox. Tim Fitzpatrick, a spokesman at Comcast, confirmed the acquisition.