LONDON (Alliance News) - British Sky Broadcasting Group PLC Monday said it has bought a USD0.5 million convertible debt security in California-based early stage technology company Pluto.TV, a deal that continues the broadcaster's recent stake building in tech startups.
Pluto.TV specialises in aggregating online video on demand content and curating it into linear, genre-based channels which are distributed through its application across web, mobile and connected TVs, BSkyB said in a short statement.
BSkyB shares were down 0.8% at 879.50 pence early Monday.
By Steve McGrath; stevemcgrath@alliancenews.com; @stevemcgrath1
Copyright 2014 Alliance News Limited. All Rights Reserved.
