Sky Invests $2M in Circle Media Labs

Courtesy of Sky

The early-stage technology company specializes in connected devices.

European pay TV giant Sky has made a $2 million investment in U.S.-based Circle Media Labs, an early-stage technology company specializing in connected devices.

"This investment will provide Sky with additional insight into developments within the field," the company said without detailing the size of its stake in the company.

Sky's past technology and other investments include the likes of iFllix, a streaming video service for emerging markets, video platform Molotov, consumer electronics start-up Caavo, The Drone Racing League and e-sports channel owner Ginx TV.

21st Century Fox owns a 39 percent stake in Sky and has offered to take full control in a deal that the U.K. government last week said should get a more in-depth regulatory review.

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