Emtek's OTT platform Vidio bags first external funding of $150m from Affinity

Vidio Dot Com, an Indonesian over-the-top (OTT) platform owned by the Indonesian conglomerate Emtek, announced on Monday a $150 million investment — its first external funding — from private equity firm Affinity Equity Partners.

The deal gave Vidio a pre-money valuation of $750 million, the company said in a statement. This implies the OTT business is valued at $900 million after the latest financing.  

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