AT&T Completes Acquisition of Quickplay
June 28 2016 - 3:59PM
Business Wire
AT&T* has completed its acquisition of Quickplay Media, Inc.
from Madison Dearborn Partners. 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.
Quickplay is the current platform provider for AT&T’s
U-verse TV Everywhere offering. The platform will support the
streaming offers — DIRECTV Now, DIRECTV Mobile and DIRECTV Preview
— that AT&T plans to introduce later this year. These new plans
will let viewers stream DIRECTV content over the Internet to
virtually any device.
Quickplay will also continue to support and expand its global
customer base, grow its managed platform services and continue to
enable other companies — from video providers to content
distributors — to deliver premium video to any device and over any
network.
AT&T plans to retain Quickplay’s team of more than 350
employees and contractors. Their knowledge and skills are critical
to AT&T’s streaming video strategy.
The companies did not disclose financial terms.
*AT&T products and services are provided or offered by
subsidiaries and affiliates of AT&T Inc. under the AT&T
brand and not by AT&T Inc.
About AT&TAT&T Inc. (NYSE:T) helps millions
around the globe connect with leading entertainment, mobile,
high-speed Internet and voice services. We’re the world’s largest
provider of pay TV. We have TV customers in the U.S. and 11 Latin
American countries. We offer the best global coverage of any U.S.
wireless provider*. And we help businesses worldwide serve their
customers better with our mobility and highly secure cloud
solutions.
Additional information about AT&T products and services is
available at http://about.att.com. Follow our news on Twitter at
@ATT, on Facebook at http://www.facebook.com/att and YouTube at
http://www.youtube.com/att.
© 2016 AT&T Intellectual Property. All rights reserved.
AT&T, the Globe logo and other marks are trademarks and service
marks of AT&T Intellectual Property and/or AT&T affiliated
companies. All other marks contained herein are the property of
their respective owners.
*Global coverage claim based on offering discounted voice and
data roaming; LTE roaming; voice roaming; and world-capable
smartphone and tablets in more countries than any other U.S. based
carrier. International service required. Coverage not available in
all areas. Coverage may vary per country and be limited/restricted
in some countries.
About Madison Dearborn PartnersMadison Dearborn Partners
(MDP), based in Chicago, is a leading private equity investment
firm in the United States. Since MDP’s formation in 1992, the firm
has raised seven funds with aggregate capital of over $21 billion
and has completed approximately 130 investments. MDP invests in
businesses across a broad spectrum of industries, including
telecom, media and technology services; financial and transaction
services; business and government services; health care; basic
industries; and consumer. Noteworthy TMT investments include
Asurion, Cbeyond, Intelsat, Liquid Web, NextG Networks, Q9 Networks
and Univision. For more information, please visit www.mdcp.com.
AT&T Cautionary Language Concerning Forward-Looking
StatementsInformation set forth in this news release contains
financial estimates and other forward-looking statements that are
subject to risks and uncertainties, and actual results may differ
materially. A discussion of factors that may affect future results
is contained in AT&T's filings with the Securities and Exchange
Commission. AT&T disclaims any obligation to update or revise
statements contained in this news release based on new information
or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20160628006577/en/
AT&T Corporate CommunicationsEric Ryan,
212-803-2644eric.ryan.1@att.com
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