Tag Archives: Layer3 TV

T-Mobile bought Layer3 TV for $325 million

Last month, T-Mobile closed its acquisition of Layer3 TV, which had been announced back in December. We got the details on how Layer3’s team would join T-Mobile and a tease for T-Mo’s upcoming TV service, but one part of the deal has eluded us: how much T-Mobile paid for Layer3. Now that info has been revealed. T-Mobile paid around $325 million for Layer3 TV. That’s according to an SEC document that T-Mobile filed today … [read full article]

T-Mobile completes Layer3 TV acquisition

A little more than a month after T-Mobile announced its plans to get into the TV business, it’s made progress toward that goal. T-Mobile says that it has completed its acquisition of Layer3 TV. Nearly 200 Layer3 TV employees will be joining T-Mobile, including several executives. Layer3 CEO Jeff Binder will become an Executive Vice President and member of the Senior Leadership Team in addition to leading T-Mobile’s TV team. The existing Layer3 TV … [read full article]

T-Mobile to acquire Layer3 TV, aiming to launch TV service in 2018

The announcement that T-Mobile teased yesterday has now been made, and it’s a big one. T-Mobile has announced that it’s acquiring Layer3 TV as part of an effort to distrupt the cable and satellite TV industry. The deal is expected to close in the coming weeks, and T-Mo says that it aims to launch its new pay TV service in 2018. Layer3 TV was founded in 2013 with the goal of being a better … [read full article]