Synacor Inc. shares skyrocketed in the extended session Wednesday after AT&T Inc. awarded the video and internet tech firm a portal services and products contract that might herald about $ one hundred million a year in revenue starting in 2017. Synacor SYNC, -zero.70% shares jumped a hundred thirty% to $ 3.25 after hours on heavy extent. below the contact, Synacor will present AT&T T, -zero.08% with laptop and cellular portal products and services designed to have interaction users and make cash off of search results and promoting. Synacor expects to have early products up by means of the 2nd quarter, with a broader providing by means of the fourth quarter. Synacor’s gain is Yahoo Inc.’s YHOO, -0.03% loss as AT&T shifts its portal website hosting and search trade far from Yahoo.
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