7digital to acquire French streaming music provider

Wednesday 6 January 2016 | 10:57 CET | News
UK digital music and radio services company 7digital has entered exclusive negotiations to acquire French streaming music provider Snowite out of creditor protection. 7digital will issue 7.32 million new shares to pay for the transaction and will assume Snowite's debt of around EUR 1.8 million. The transaction is subject to a commercial court decision, and is expected to be completed at the end of March.

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Categories: Internet
Companies: 7digital
Countries: France
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