Stingray To Acquire TuneIn
• Montreal-based Stingray Group Inc., an industry leader in music and video content distribution, and the owner of 97 radio stations, announced it has entered into a definitive agreement to acquire TuneIn Holdings, Inc., a pioneer in live audio streaming and ad monetization in a transaction valued at up to $175 million. Stingray will pay $150 million at closing and up to $25 million 12 months following the closing. Stingray secured an additional $150 million term loan under its renewed credit facility to finance the transaction.
The acquisition will enhance Stingray’s reach by combining its premium music and video content with TuneIn’s robust partnerships with major device manufacturers, automotive companies, and content providers. TuneIn currently serves over 75 million active listeners each month worldwide, providing access to more than 100,000 radio stations, podcasts, music channels, news, sports, and audiobooks. TuneIn’s content is distributed across more than 200 platforms and connected devices, including over 50 in-car audio systems, in over 100 countries.
“This acquisition marks a pivotal moment in Stingray’s journey to further strengthen its position as a global leader in audio entertainment and digital advertising sales,” stated Eric Boyko, President, Co-founder, and CEO of Stingray. “We are crafting an unmatched audio ecosystem by merging Stingray’s extensive technology infrastructure and content distribution capabilities with TuneIn’s expertise in monetization, advertising technology, and diverse content offerings. We’re particularly excited about expanding our reach in the automotive sector, where TuneIn and Stingray have both established strong integrations with leading manufacturers. This aligns perfectly with our strategy to meet listeners wherever they are — at home, in the car, or at retail locations. Together, we are poised to redefine audio for a connected world, delivering extraordinary value to our listeners, content partners, and advertisers.”
“Stingray is the ideal partner to propel TuneIn’s next chapter of growth,” said Richard Stern, Co-Chairman & CEO of TuneIn. “Our global reach and advanced advertising capabilities, combined with Stingray’s audio and video distribution, creates a significant growth opportunity for both our companies. Joining forces with Stingray allows us to accelerate our mission of delivering the world’s best audio content to listeners everywhere, while creating powerful new avenues for advertisers to connect with a highly engaged audience.”
The transaction is subject to the approval of TuneIn’s stockholders, applicable regulatory approvals as well as customary closing conditions for transactions of this nature and is expected to close by year-end 2025. Following the acquisition, the TuneIn platform will continue to operate under its existing brand,
