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)
Sahil Patel / Wall Street Journal:
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 — The deal comes as TV makers seek to build streaming-TV ad businesses — LG Electronics Inc. has taken a majority stake in Alphonso Inc. …