The company, which was owned by the Chernin Group and includes video and streaming offerings, was sold in a deal that values Otter at more than $1 billion.
Time Warner is the big fish that AT&T is trying to catch, but the telecommunications giant has another investment that could turn into a valuable streaming content and distribution play once all of the pieces are in place.
AT&T is in talks with Peter Chernin about acquiring the balance of Otter Media, their 3-year-old joint venture, two sources told the New York Post. The move is part of a wider effort by the telecom giant to clean up a host of joint ventures ahead of its expected acquisition of Time Warner, sources said.
