Microsoft has acquired R2 Studios, the home automation start-up. R2 Studios is known for developing technology that allows digital media to be displayed on TVs. The studio was founded by Slingbox creator Blake Krikorian.
The exact terms of the deal have not been disclosed at this time. However Microsoft has appointed Krikorian as the corporate vice president of its Interactive Entertainment business. He will be reported to the chief product officer, of the same division, Marc Whitten.
"I am excited to join Microsoft and be a part of the Xbox team. As a 10-year Xbox LIVE subscriber, I have seen firsthand how Xbox has delighted us by reinventing how consumers experience games and entertainment," Krikorian said. "I look forward to helping the team define the future of entertainment and contribute to the next decade of continued innovation."