Otter Media in advanced talks to buy Fullscreen - report

Thursday 24 July 2014 | 11:19 CET | News
Otter Media, a joint venture between AT&T and media group Chernin, is in advanced talks to buy a controlling stake in YouTube video producer Fullscreen, people familiar with the matter told the Wall Street Journal. Fullscreen is a so-called multichannel network, which recruits popular YouTube video makers and helps them sell ads for part of the ad revenues. The deal is likely to value Fullscreen at about USD 250 million and could be agreed as soon as this week, one person said. Fullscreen reportedly held talks with Yahoo, AOL and other potential buyers in recent months. The expected valuation

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Categories: Internet
Companies: Chernin / Fullscreen / Otter Media / YouTube
Countries: United States
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