Orange has walked away from talks to buy the Project Kangaroo online on-demand media player technology.
mobile operator, which is owned by France Telecom, said in a statement:
"We can confirm that we are not pursuing our interest in the catch-up
TV service Kangaroo. After in-depth due diligence, we concluded that it
was unlikely that an outcome which benefited France Telecom's Orange
operations would be met."
Back in April the company confirmed it was engaged in talks to acquire the platform.
In a statement at the time, France Telecom said: "We can confirm that
we are looking at this project. Whilst it could be interesting, nothing
has yet been decided."
Project Kangaroo started life as
a joint venture between BBC Worldwide, Channel 4 and ITV to develop a
platform to play on-demand content from all three. However, the Competition Commissioner blocked approval
for the project in February on the grounds that it would threaten the
developing video-on-demand market by putting too much control into the
hands of the trio. Since then, the companies have been touting the
Kangaroo tech for sale.
"Some very valuable digital
assets were developed for Project Kangaroo and we're talking to various
parties who are interested in acquiring them," a BBC Worldwide
spokeswoman told ZDNet UK's sister site silicon.com last month.