Mediaroom was Microsoft's try at an Internet TV platform, serving up on demand content to PCs, TVs and mobile devices through partnerships with cable companies.
In an official blog post about the deal, Microsoft corporate Vice President of Marketing Yusuf Mehdi said the sale of Mediaroom would allow Microsoft to dedicate more resources to making the Xbox an entertainment service, delivering content as well as games across devices.
Microsoft had great success with an evolving media approach to its console business with the Xbox 360 -- apps and original content are in, with Mediaroom and Media Center pushed to the side -- and even if these rumors are true, we wouldn't be surprised if what exists in a few years ends up changing just as much.