Aereo Raises $34 Million in Funding to Expand Online-TV Service
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Aereo Inc., the controversial streaming-television service, has raised $34 million in funding as it looks to expand into additional cities.
Investors in the round include Himalaya Capital Management and Gordon Crawford, the former Capital Group Cos. fund manager, New York-based Aereo said yesterday in a statement. IAC/InteractiveCorp, Highland Capital Partners and FirstMark Capital added to their investments in the company.