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Sling Media Raises Nearly $50 Million

Alan Breznick

Sling Media is in the money today. The Silico Valley startup, which makes a hot consumer electronics box that lets users tap into their home TV from anywhere using an Internet- connected phone or computing device, announced earlier today that it just closed a $46.6 million round of private financing. Notably, Liberty Media Corp., EchoStar Communications Corp. and Goldman Sachs & Co led the financing round. Allen & Co., Doll Capital Management, Mobius Venture Capital, The Hearst Corp. and other undisclosed investors also participated in the latest funding wave. So don't be surprised to see EchoStar bring out its customized version of the Slingbox sometime soon.

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