Source - RNS
RNS Number : 2136M
Sky PLC
11 October 2016
 

 

 

Sky invests in consumer electronics company Caavo

 

Sky has invested $2 million in Caavo, a US-based consumer electronics start-up, in the latest of a series of investments in innovative, early-stage companies. 

 

Caavo was founded in 2015 by Andrew Einaudi, Ashish Aggarwal, Vinod Gopinath and Blake Krikorian with a vision to dramatically improve the in-home entertainment experience for consumers, by offering easy-to-use and beautifully designed products.

 

Notes to editors

1)            References to Caavo are to Caavo Inc.

2)            Gross assets subject to this transaction were $2m

3)            Profits attributable to the assets subject to this transaction were $nil

 

 

For further information

 

Sky

Euan Fordyce

[email protected]

 

Caavo

[email protected]

 

 

About Sky

Sky is Europe's leading entertainment company, serving 22 million customers across five countries: UK, Ireland, Germany, Austria and Italy. We offer the best and broadest range of content, deliver market-leading customer service and use innovative new technology to give customers a better TV experience, whenever and wherever they choose.

 

Sky has annual revenues of £12 billion and is Europe's leading investor in television content with a combined programming budget of £5.2 billion. The group employs 30,000 people and is listed on the London Stock Exchange (SKY).

 

For more information visit www.sky.com/corporate


This information is provided by RNS
The company news service from the London Stock Exchange
 
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