AT&T said June 28 it closed its buy of Quickplay Media Inc from Madison Dearborn Partners. Financial terms weren’t announced. Quickplay provides managed services for the distribution of multi-screen video to IP-connected devices. AT&T said it plans to retain Quickplay’s team of more than 350 employees and contractors. The deal was announced in May.
DALLAS, June 28, 2016 — 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.
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About Madison Dearborn Partners
Madison 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.
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