Affinity invests $150m in Indonesia's Netflix rival
Affinity Equity Partners has invested $150 million in Vidio, an Indonesia-based over-the-top (OTT) streaming service described as a local equivalent to Netflix, as part of a $200-250 million funding round.
The deal gives Vidio, which is controlled by domestic media conglomerate Emtek Group, a post-money valuation of $900 million. The private equity firm would own 15%, assuming the full $250 million is raised,...
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