AT&T completes acquisition of Quickplay
30 June 2016 |
AT&T has completed the acquisition of online TV platform provider Quickplay Media.
The company agreed to acquire the Canadian based company from Madison Dearborn last month.
Quickplay is the platform provider for AT&T’s U-verse TV Everywhere offering which will support a range of streaming deals the operator will launch via DirecTV later in the year. AT&T acquired DirecTV in 2015 for $48.5 billion, making it the largest pay T provider globally.
"The deal complements AT&T’s strategy to deliver video content wherever and whenever viewers want it by adding a leader in powering over-the-top (OTT) video and TV Everywhere services to AT&T’s portfolio," said the company.
The operator said it plans to retain over 350 employees and contractor at Quickplay.