Deal is for $60 million
In its biggest deal to date, Internet broadcaster JumpTV has acquired XOS Technologies for $60 million.
The deal takes some of the pressure off Toronto-based JumpTV, which has been the target of investor criticism for a paucity of deals since going public last year.
XOS Technologies of Sanford, Fla., runs websites for U.S. college sports teams, streaming football, men’s and women’s basketball, volleyball, baseball and track & field events online.
The company’s broadband network business unit has more than 150 exclusive broadband deals with U.S. colleges, universities, conferences and professional sports teams.
“The acquisition stays true to JumpTV’s focus on IPTV for displaced communities interested in unique, hard-to-find and high-affinity content — whether for ethnic immigrants or sports fans living far away from local television markets,” said JumpTV chairman and CEO Scott Paterson.
JumpTV has deals to carry about 300 channels from 75 countries in real-time. Programming is available on subscription, with a selection available to computers and mobile phones in the U.S. for free.