Sky takes 10% stake in zeebox

MUMBAI: UK pay TV service provider Sky is acquiring a minority stake in zeebok and is also entering into a commercial deal with it.

As part of the deal, Sky has entered into a shareholders agreement with zeebox and its existing shareholders pursuant to which it acquired a 10 per cent stake in the equity capital of zeebox, which, however, remains an independent company.

Sky is looking to create a companion app for its scheduling.

Gross assets of zeebox subject to this transaction were ?0.2 million.