Friday, 24 March, 2023

LG acquires more than 50% stake in Alphonso for $80 mn

<p>LG Electronics had acquired more than 50% stake in US-based TV data analysis startup Alphonso for $80 mn. It aims to boost its software and service capabilities in the TV business to offer enhanced and customised services particularly to its North American customers by utilising Alphonso&rsquo;s data, TV ad analytics and AI capabilities. Alphonso had shipped 90% smart TVs through which users could enjoy video content with an internet connection.</p> <p>&nbsp;</p>