Interactive Network shareholders approved the company's merger with Two Way
TV Ltd., with some 99 percent of the 28 million shares voted approving the
Two Way TV is hoping to replicate its U.K. success in the U.S. market with
interactive games on set-top boxes.
IN launched way back in 1986, and it is backed by AT&T Corp., Motorola
Inc., General Electric Co., Sprint Corp. and Gannett Co. Inc.
'Management's vision to transform Interactive Network from a pure patent play
to a fully operational vehicle in the iTV and eTV landscapes with the
capabilities to bring any brand 'interactive' to multiple platforms is upon us,'
the companies said in a prepared statement.