Source - SMW
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.