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Sky buys stake in video capture and display firm Jaunt

Friday, December 27th 2013 by Nigel Adie
Sky acquires stake in California tech start-up Jaunt

Sky has made a 350,000 USD investment in California tech firm Jaunt.

Sky has acquired a stake in Jaunt, a California-based technology company specialising in video capture and display.

The satellite broadcaster made an equity investment of 350,000 USD (£214,000) in the small start-up, which offers a wide array of video-related solutions. Founded earlier this year, the outfit says it delivers a "revolutionary new way to view the world".

In a statement confirming the deal, Sky explained: "This investment will provide Sky with additional insight into developments within the field."

The announcement comes a matter of weeks after the pay TV giant unveiled plans to invest in emerging Silicon Valley online video businesses through an eight million USD partnership with Luminari Capital. 

Sky had previously signalled its intent to increase its stake in the online video market by buying stakes in Roku, the manufacturer of streaming video players, and second-screen service Zeebox.

The venture capital fund is run by Daniel Jeff, a board member at Roku and former partner at Globespan Capital Partners.

Roku and Sky entered into a strategic partnership back in July 2012, after the broadcaster was impressed with the manufacturer's strong performance in the US market.

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