San Mateo-Based Sling Media Raises $46.6 Million in New Funding

San Mateo, Calif. -- Sling Media, a maker of devices that allow users to access their televisions from computers, PDAs or smartphones, said on Tuesday that it has raised $46.6 million I a new round of funding, co-led by  Goldman, Sachs, Liberty Media and Echostar Communications. Other participants included Allen & Co., DCM -- Doll Capital Management, Mobius Venture Capital, The Hearst Corporation and other undisclosed investors. Sling's initial product is a consumer electronics device that allows users to watch their living room TV programming through virtually any Internet-connected, Windows-based computer. The device redirects, or "placeshifts," a single live TV stream from a basic cable connection, cable box, satellite receiver or digital video recorder to the viewer's PC through the Internet.
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