With its stake in Zattoo International, Tamedia wants to support the international expansion of the business. The company will also get a seat in Zattoo’s board of directors.
The contract of which financial details have not been disclosed also includes the option of a gradual takeover of Zattoo International by Tamedia until 2021.
Zattoo is the market leader among internet TV platforms both in its home market Switzerland and in Germany, according to the company.
Besides its consumer business, Zattoo has been building up a second foothold as a technical service provider for cable operators and IPTV providers in the past years. Network operators in five European countries currently use Zattoo’s technology and service to operate their TV platforms.