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Advertisers can now reach TuneIn's streaming audio listeners through Stingray's expanded distribution network after the $175 million acquisition.
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Radio streamer TuneIn acquired for $175M
Founded in 2002, TuneIn was an early player in the online music space. Unlike rivals such as Apple Music or Spotify Premium that offer ad-free, subscription-based music on demand, TuneIn focused on streaming traditional radio stations over the internet.
Canadian Broadcaster Stingray Acquires TuneIn In $175m Deal
Streaming aggregator TuneIn is being acquired by Stingray Group in a transaction valued up to $175 million. The agreement will see TuneIn, which will continue to operate under its existing brand, integrate its streaming and ad platform with Stingray’s distribution network.