21st Century Fox, BSkyB Make Further Investments in Roku
The U.K. pay-TV giant has put more than $12 million into the Internet streaming device maker since 2012
Rupert Murdoch's 21st Century Fox and U.K. pay TV giant BSkyB, in which it holds a 39 percent stake, have made further investments in Internet streaming device maker Roku.
BSkyB said Thursday that it has put another $700,000 into the provider of over-the-top video services "to provide financing for Roku's operations and activities."
BSkyB also mentioned in its statement that "21st Century Fox have also made a further equity investment in Roku," but didn't provide financial details. Fox's involvement started when it was still part of News Corp.
BSkyB, which has been investing in up-and-coming U.S. technology companies, has previously invested a total of $12.2 million in Saratoga-based Roku since July 2012. Roku powers BSkyB's box for its Internet-only video service Now TV, launched in 2013.
Roku recently said it has sold more than 10 million streaming devices in the U.S.