(15 December 2007 8:00 pm)

MUMBAI: DirecTV has bought out the assets of ReplayTV, a digital video recorder (DVR) company, for an undisclosed amount.

DirecTV purchased the assets of ReplayTV from D&M, a Tokyo-based consumer electronics company.

The sale marks the third time in the last four years that the company has changed hands. ReplayTV originally started in 1997 and was acquired in 2001 by SONICblue before having its assets sold to D&M in 2003, after having to file for bankruptcy.

D&M said it would continue servicing existing subscribers while DirecTV assumes ReplayTV's other assets. For a few years now, ReplayTV has been focusing on its DVR software as opposed to standalone DVR set-top box hardware.