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. …

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