LG Electronics takes a majority stake in Alphonso, a data and ad targeting company for smart TVs; sources say LG invested almost $80M for a nearly 60% stake (Sahil Patel/Wall Street Journal)


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Sahel Patel / Wall Street Journal:

LG Electronics acquired a majority stake in Alphonso, a company targeting data and advertising for smart TVs; Sources say LG has invested nearly $ 80 million in exchange for a 60% stake.– The deal comes as TV makers strive to build a TV broadcast advertising business – LG Electronics Inc. Majority stake in Alphonso Inc. …


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