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Broadband

Tesco to sell Blinkbox Music to Guvera - report

Monday 12 January 2015 | 15:30 CET | News
Australian online music services company Guvera has entered into exclusive talks to buy UK supermarket group Tesco's Blinkbox Music service, people familiar with the deal told the Financial Times. Blinkbox Music management was briefed during the week of 5 January on the transaction expected to close within around a month. Although the people would not reveal the exact sum the disposal will bring to Tesco, they said it was loss than the GBP 5 million it reportedly raised by selling Blinkbox Movies to TalkTalk. Blinkbox music has over 1 million customers.

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Categories: Internet
Companies: Blinkbox / Guvera / Tesco
Countries: Europe / United Kingdom
::: add a comment

Comments

‘Guvera’s back-end services are supplied by 7Digital' is factually incorrect. Omnifone, the leading B2B cloud music provider, provides the back end services for Guvera’s music service except for the middle East and India (which are 7Digital’s jurisdiction).
Clodagh Beveridge @ 12/1/2015 - 17:13


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