Fox invests $100 million in broadcasting platform Caffeine

FILE PHOTO: The flag of the Twenty-First Century Fox Inc is seen waving at the company headquarters in the Manhattan borough in New York June 11, 2015. REUTERS/Eduardo Munoz/File Photo

(Reuters) – Twenty First Century Fox said on Wednesday it made a $100 million investment in social broadcasting platform Caffeine. Stakes in Caffeine and a newly formed venture, Caffeine Studios, will be part of the proposed new “Fox” after the Disney deal, the company said in a statement. Fox is in the process of selling […]

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