Google has acquired SageTV, a software and hardware company that built a product for watching and recording TV shows from any computer with a high-speed internet connection, is likely to be integrated into GoogleTV for an undisclosed amount.
CTO of SageTV went into the community forums at the SageTV site and informed everyone that Google had bought the company. Later in the day, a press release and new home page confirmed the same.
While neither Google nor SageTV have spoken up about the exact purposes of the acquisition, the SageTV home page message does indicate that the "shared vision for open technology will help us advance the online entertainment experience." While that could mean other existing media platforms owned by Google, the most logical product for SageTV technologies to show up on is GoogleTV.
SageTV is interested in software for the computer environment that accomplishes the same cutting-edge tasks that traditional TV systems do. For example, the ability to DVR your shows is part of SageTV's technology. SageTV also "slingboxes," allowing users to watch their television programming on computer systems once an additional piece of computer hardware is installed on a host computer system.