Toronto - JumpTV, a provider of live Internet TV channels, said this week that it will acquire U.K.-based Cycling TV for $4.95 million in cash and stock.

Cycling TV has the live broadcast rights to most international cycling events -- except for the Tour de France -- including the Vuelta a Espana, Tour de Suisse and Amstel Gold Race.

The company offers subscription-based plans and some free, ad-supported programming.

Toronto-based JumpTV offers nearly 300 live Internet TV channels from over 75 countries, including many foreign-language stations targeted at expatriates.

"This acquisition is in line with our pursuit of exclusive, hard-to-find and high-affinity Internet video content," said JumpTV CEO Scott Paterson.

Related Links:
http://www.jumptv.com/en/node/101460

http://www.jumptv.com