Stingray To Acquire Tune In For $175 USD

Stingray has agreed to purchase streaming giant Tune In for $175 Million USD.

“This acquisition is expected to significantly expand Stingray’s global digital audio footprint, accelerate its growth in streaming services and bolster its advertising offering by incorporating TuneIn’s comprehensive ad platform, which delivers targeted audio, video, and display advertising solutions,” Stingray said.

TuneIn currently serves a worldwide audience of over 75 million active listeners each month offering smart speaker and app streaming of more than 100,000 radio stations, podcasts, music channels, audio books and more.