Comcast, Cox Complete Liberate Buy

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Liberate Technologies’ North American assets are now officially liberated.

Double C Technologies LLC -- a joint venture majority-owned and controlled by Comcast Corp. with a minority investment by Cox Communications Inc. -- announced the completion Thursday of its previously announced purchase of substantially all of Liberate’s North American assets for cash consideration of approximately $82 million.

The transaction was first announced Jan. 10.

Double C said it will continue operations located in London, Ontario, retaining approximately 130 employees.

The JV added that it will operate under the business name TVWorks.

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