 PacketVideo was acquired in 2005, as was a majority share in Cygnus Multimedia (a start up firm focusing on WiMax).In 2007 NextWave completed the acquisition of GoNetworks (a startup developing beamforming WiFi equipment) and IP Wireless (a UK firm that developed TD-CDMA equipment) for $100M.The IP Wireless business failed to produce expected revenue and in late 2008 it was sold back to its management team for $1M.