Canaccord Genuity Acts as Exclusive Financial Advisor to You.i TV on its Sale to WarnerMedia, a Subsidiary of AT&T Inc. (NYSE:T)
Canaccord Genuity is pleased to announce that on December 21, 2020, its client You.i TV (the “Company”), a leading provider of cross-platform development tools for TV and media companies, was acquired by WarnerMedia, a subsidiary of AT&T Inc. (NYSE:T).
The Company’s You.i Engine One enterprise development platform delivers video apps across mobile, tablet, game consoles, streaming devices, set-top boxes, and Smart TVs using a single codebase. The single codebase approach allows developers to build app features and make user experience changes once and then deploy across a variety of devices and operating systems, saving time and speeding delivery.
You.i Engine One technology will help rapidly deploy WarnerMedia’s HBO Max direct-to-consumer offering to a variety of platforms in markets worldwide. In 2021, HBO Max is slated to expand into Latin America and HBO branded streaming services in Europe will begin to be upgraded to HBO Max.
Canaccord Genuity acted as exclusive financial advisor to the Company on the transaction. The Canaccord Genuity team included Myles Hiscock, Matthew Kratter, Mike Lauzon, Amy LaBan, Jonah Simpson, and Tony Yu from Investment Banking.