AioTV Sells 44% Stake for $8M
AioTV, a startup in which Innovacorp invested $1 million a year ago, has raised $8 million by selling a 44 percent stake to UTStarcom Holdings Corp., a publicly listed maker of broadband equipment and solutions for cable and telecom operators.
AioTV (short for All-In-One Television) is the brainchild of native Haligonian Michael Earle, who is now based in Denver though the company’s development and marketing teams are in Halifax. The company has developed a single-platform that can offer service using free video (such as YouTube), live linear TV (traditional networks) and video on demand