Multimedia Web company General Magic has bought Netphonic Communications to add voice browsing to its portfolio.
Netphonic's technology enables users to access the Web using a touchtone telephone, and so fits into its new owner's strategy of supplying a wide range of Net interaction methods.
General Magic has not disclosed terms of the agreement but the acquisition follows hard on its announcement last week that it had completed a private financing transaction worth $5 million.
It said at the time that it would be using the proceeds to fund Serengeti, the codename for its forthcoming Internet service, to be launched this summer.
Netphonic?s Web-On-Call browser allows any user with a telephone to access the Net, without needing a computer or a modem. General Magic said in a statement that it plans to incorporate this technology in future versions of Serengeti, which will provide subscribers with Internet functions such requesting site information via email.
General Magic also announced last week that Microsoft had invested $6 million in it and licensed its technology (see Newswire 5 March). Microsoft will make an unquantified minority investment in the firm and Serengeti will work with Microsoft?s Internet Explorer browser, Web TV and Windows CE operating system.
No-one from General Magic was available for comment.
The company has posted poor financial results in the past few years, making losses throughout 1997 following a massive $12.4 million deficit in Q3 1996 .
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