According to a Variety report, CITIC bought Class B shares representing 2.3% of NextVR’s total equity, with the deal part of a planned US$80 million round that will value the firm at US$800 million.
NextVR raised US$30.5 million last November in a funding round led by venture capital firm Formation 8, which also included backing from Comcast Ventures and Time Warner Investments.
ICYMI: UK government to ‘ensure prominence of PSBs’ on smart TVs digitaltveurope.com/2021/06/14/uk-… https://t.co/iLAe7GKuNb
14 June 2021 @ 19:27:00 UTC
Asia Video Industry Association promotes Aaron Herps to GM of Coalition Against Piracy digitaltveurope.com/2021/06/14/asi…
14 June 2021 @ 18:00:01 UTC
TDC to complete split of company into two digitaltveurope.com/2021/06/14/tdc…
14 June 2021 @ 17:32:00 UTC