Fox bets $100M on Redwood City-based Twitch rival

Looking ahead to its business post-Disney acquisition, 21st Century Fox has invested $100 million in Caffeine Inc., a next-generation social broadcast platform for gaming, entertainment and other creative content. The investment in teh Redwood City-based business is part of a larger round in which existing investors Andreessen Horowitz, Greylock Partners and others participated, though only Fox’s share was disclosed. In addition, Caffeine announced a content agreement with Live Nation (NYSE:…

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Fox bets $100M on Redwood City-based Twitch rival

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