YOLO Leisure and Technology said investee company TVPlayer Ltd has completed a £5m investment round led by A&E Networks, the US-based international TV content and channels network. Existing investors, including venture capital firm Beringea, invested alongside A&E. While YOLO did not participate in the investment round it now has a 4.66% direct holding in TVPlayer, which demerged from parent company Simplestream as part of the transaction. Following the demerger, YOLO maintains a 6.21% stake in Simplestream, which continues to sell specialist online streaming software to broadcasters and is a profitable organisation.
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