Altice has reportedly acquired a 60% share of the live TV streaming service, while existing shareholders such as Sky will retain a stake in the business.
Telecommunications company Altice has paid an undisclosed sum for a 60% stake in Molotov, a France-based live television streaming service backed by broadcaster Sky, TechCrunch has reported.
Founded in 2015, Molotov provides a streaming app that enables viewers to rewind live TV, record content and catch up on shows they missed through streaming platforms such as Apple TV or Amazon Fire TV, smart televisions and mobile devices.
Molotov will remain independent following the deal and is not expected to be…
