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Fox leads $100 million investment in social broadcasting platform Caffeine

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Reuters
Last Updated : Sep 05 2018 | 7:06 PM IST

(Reuters) - Twenty First Century Fox said on Wednesday it led a $100 million funding round in gaming and entertainment broadcasting platform Caffeine.

Stakes in Caffeine and Caffeine Studios, a newly formed venture, will be part of the proposed new "Fox", the company said in a statement.

The funding also included participation from existing Caffeine investors, Andreessen Horowitz and Greylock Partners, and other undisclosed partners.

(Reporting by Munsif Vengattil in Bengaluru)

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Sep 05 2018 | 6:51 PM IST

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