Telly, a social discovery platform for movies and shows on mobile and PCs, announced Thursday that it's acquired Sha-Sha Entertainment to bring Hollywood and Arabic movies and shows to 22 countries.
At the same time, the company said it's raised $8 million in a Series B financing, from Cinemagic, Lumia Capital, and existing investors Azure Capital, Draper Fisher Jurvetson, Felicis Ventures and Georges Harik. The new round of financing brings the total raise to $21 million to date.
More to come.
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