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Interactive TV Firm RedLynx Gets Investment from 3i Group

Authored by Mark Hefflinger on February 9, 2006 - 3:22am.
London - lU.K.-based 3i Group Plc, the largest publicly traded private equity firm in Europe, announced that it has made a small investment in RedLynx, a Finland-based start-up that provides interactive TV programming to broadcasters in more than 20 countries. Although financial terms were not disclosed, 3i did say that it has acquired a 12.5% stake in RedLynx. The Finnish firm, which last year had more than $3.6 million in turnover, said it would use the funds for international expansion.
tags: Interactive | 3i | Investment | RedLynx | Get |