New York (CNN Business) Altice USA has agreed to buy Cheddar, the three-year-old streaming financial news startup, in a $200 million deal. The acquisition, first reported by Wall Street Journal , was announced Tuesday. "Cheddar has demonstrated an innovative approach to live news while building an engaged audience, solid followership and a strong brand," Altice USA CEO Dexter Goei said in a statementAltice, one of the country's largest broadband providers, was an early investor in Cheddar, which launched in 2016. Since then, Cheddar has planted its flag on a host of streaming platforms such as Hulu Live, Roku, DirecTV Now and YouTube TV. Earlier this year, Cheddar launched as a channel on Spectrum's cable lineup.

Source: CNN April 30, 2019 17:48 UTC