Comcast has officially purchased Xumo, the ad-supported streaming service owned by Panasonic and Meredith Corp. Reports that Comcast is in talks to acquire the platform, which pulls streams from partners like ABC News, Fox Sports and USA Today, first surfaced late last year. Now that the acquisition is official, a spokesperson told Variety that the Xumo team, presumably with all current 55 employees, will be joining the company.
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