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DoCoMo Buys Stake in PacketVideo

Stock quotes in this article: WAVE , DCM  

Updated with stock price information.

PacketVideo, a wireless and multimedia software maker and unit of NextWave Wireless(WAVE Quote), sold a 35% stake to Japan's largest mobile operator, the companies announced on Monday.

Tokyo-based NTT DoCoMo(DCM Quote) paid $45.5 million in the all-cash deal in an attempt to maintain a steady stream of new mobile applications to the company. DoCoMo services 54 million customers in Japan. ...

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