European Mobile Network Blyk Raises Big $50.4 Million Round

imageAd-funded, youth-oriented mobile virtual network operator Blyk has raised a massive $50.4 million in its third round from existing investors – Europe’s second biggest media/tech investment this year, according to LibraryHouse. The funding is a real boost for the company, both in terms of money as well as belief in its business model, which some advertisers weren’t always convinced of. It also has a new partnership with operators in place, though the brief statement did not go into detail as to what this new strategy entails. Full details on our sister site paidContentUK