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UPDATE 2-Verizon to pay $2.25 bln to NFL for 5-year streaming deal- source

UPDATE 2-Verizon to pay $2.25 bln to NFL for 5-year streaming deal- source
From Reuters - December 11, 2017

NEW YORK (Reuters) - Verizon Communications Inc will pay around $2.25 billion for a five-year partnership with the National Football League that allows users to stream games on its Yahoo and go90 platforms as well as on mobile devices, a source told Reuters on Monday.

Under the partnership, Verizon renews its agreement to stream NFL games on its mobile devices but loses its exclusive rights to the airings.

Representatives from Verizon and the NFL declined to comment on the financial terms of the deal but the No.1 U.S. wireless carrier said the deal will go into effect in January with streaming of NFL playoff games on Yahoo and Yahoo Sports, in addition to the go90 streaming platform and the NFL mobile app.

The partnership will also include mobile access to jointly-developed original content, Verizon said.

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