Backchannelmedia

Business Wire

TANDBERG Television ASA (Oslo:TAT) has today completed the acquisition of US based GoldPocket Interactive, Inc. (GPI) a leading provider of interactive television technology, solutions and systems based in Los Angeles, California. The closing follows the signing of a definitive acquisition agreement on 17th October 2005 and satisfactory completion of all conditions to closing. After closing adjustments of MUSD 1.3, the final purchase consideration was determined to be MUSD 79.8, made up of a mixture of TANDBERG Television shares and cash. The share value element of the consideration of MUSD 5.2 is made up of 430,000 shares at a subscription price of NOK 79.86 ($12.09). The subscription price equals the volume weighted average share price for the 10 days ending five business days prior to closing of the transaction. The cash consideration (after adjustments) is MUSD 74.6.

The financial results of GPI will be consolidated with those of TANDBERG Television from 1 October 2005.