Sky PLC Invests $2 Million in Consumer Electronics Company Caavo
October 11 2016 - 4:44AM
Dow Jones News
LONDON--Media giant Sky PLC (SKY.LN) said Tuesday it has
invested $2 million in Caavo, a U.S.-based consumer electronics
start-up.
Caavo was founded in 2015 by Andrew Einaudi, Ashish Aggarwal,
Vinod Gopinath and Blake Krikorian with a vision to improve the
in-home entertainment experience for consumers, by offering
easy-to-use and beautifully designed products.
Sky engages in the operation of pay television broadcasting and
home communications services, including the provision of broadband
and telephone operations.
Sky is 39%-owned by 21st Century Fox, which until June 2013 was
part of the same company as The Wall Street Journal parent News
Corp.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
(END) Dow Jones Newswires
October 11, 2016 04:29 ET (08:29 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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