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CCO - Frontdoor Acquires Streem For Consumer Repair Collaboration Tech
Clear Channel Outdoor Holdings Inc. Class A
Quick Take
Frontdoor (FTDR) announced it has acquired Streem for an undisclosed combination of cash and equity.
Streem operates as a home services technology startup that has created a mobile video system for contractor collaboration.
FTDR is likely acquiring the company on a technology basis as part of providing its network of home consumer service providers with greater capabilities.
The stock has seen a great run in the past 12 months but may be fully valued at its current level.
Target Company
Portland, Oregon-based Streem was founded in 2017 to enhance real-time communication