Moxi Couldn't Have Asked for Deeper Pockets

The cash-crunched digital entertainment startup is getting a reprieve, thanks to an acquisition backed by Paul Allen

High-tech mogul Paul Allen is adding high-profile startup Moxi Digital to his home-entertainment arsenal. Allen-backed Digeo, a maker of set-top-box technology, announced on Mar. 29 that it was acquiring the two-year-old Palo Alto (Calif.) company that's making a set-top box that brings TV, video, music, and the Internet into the home. The combined company will receive a heavy dose of funding from the Microsoft co-founder's investment company, Vulcan Ventures -- enough to bankroll Digeo through 2004, say Digeo executives.

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