Digital media company Cheddar has agreed to a purchase by investor Altice USA that will also provide exits for Antenna Group, Dentsu, Liberty Global, Comcast, Amazon, AT&T, NYSE and Broadway Video.
Broadband communications and video services provider Altice USA agreed yesterday to acquire one of its portfolio companies, US-based entertainment network Cheddar, for $200m.
Cheddar operates an online television network that consists of two channels: Cheddar Business, which focuses on technology and the innovation ecosystem, and Cheddar News, which broadcasts general news stories.
The network is accessible through online streaming platforms such as DirecTV Now, Hulu, YouTube TV, Snapchat, Facebook, Twitter, Twitch and Amazon, and through more than half of smart…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
