AT&T Buys Quickplay to Power DirecTV’s Internet-Video Services

AT&T is acquiring Quickplay Media, a provider of Internet-video streaming services, which it will use to launch three over-the-top DirecTV services later in 2016.

Terms of the deal were not disclosed. The telecom giant is acquiring Quickplay from Madison Dearborn Partners, a private-equity firm that bought the Toronto-based company for $100 million in 2012. AT&T said it plans to retain Quickplay’s more than 350 employees and contractors.

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