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Internet TV Companies JumpTV, NeuLion Merge

Jun 9, 2008  •  Post A Comment

Internet TV technology companies JumpTV and NeuLion have signed a binding letter of intent to merge, creating an end-to-end video company powering live sports, international and religious programming.
JumpTV will trade common and contingent shares in exchange for NeuLion securities, in addition to providing employee stock options.
The merger will combine JumpTV’s content management and delivery platform with NeuLion’s set-top box Web TV technology.
“The combination of our highly complementary technologies and depth of expertise in the areas of sports and international IPTV delivery makes for incredible synergy between the two companies,” said JumpTV Executive Chairman G. Scott Paterson. “This merger enables us to provide our partners with a complete solution for streaming content live online across multiple devices and viewing platforms.”
“Consumers are becoming more reliant on broadband and Internet services for their media experiences and this shift creates enormous opportunity for content owners to reach untapped global audiences,” said Nancy Li, NeuLion founder-CEO. “NeuLion and JumpTV have committed to creating a one-of-a-kind enterprise offering that manages the end-to-end delivery of content through all broadband platforms: the PC, the TV and an array of mobile devices.”
The deal between the two companies is subject to a definitive agreement by June 25 and shareholder approval by Oct. 1.
Mr. Paterson will serve as the merged company’s executive vice chairman and Ms. Li will be its CEO and director. Ms. Li’s husband, Charles Wang, founder and former CEO of Computer Associates International, will be chairman.

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  20. […] Internet TV Companies JumpTV, NeuLion Merge – The merger will combine JumpTV’s content management and delivery platform with NeuLion’s set-top box Web TV technology. “The combination of our highly complementary technologies and depth of expertise in the areas of sports … […]

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