Sky PLC, said its subsidiary in Italy, Sky Italia has converted into a minority equity stake in V-Nova, a GBP4.5 million financing it provided to V-Nova.
V-Nova is a London-based company developing video compression technologies.
1. References to V-Nova are to V-Nova International Limited
2. Gross assets subject to the transaction were £4.5m
3. Profits attributable to the assets subject to the transaction were £nil