Japanese Carrier DoCoMo To Pay $50M To Take A 7% Stake In Pioneer To Expand Its Push Into In-Car Transport Systems

Japanese carrier NTT DoCoMo has announced it plans to invest around $50M into Japanese digital entertainment company Pioneer Corporation, which makes in-car electronics, to acquire approximately seven per cent of the company. The pair described the investment as "a business and capital alliance", and said they plan to jointly develop an intelligent transport system for launch this year.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/LBVBcKbBchQ/

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