Stingray Digital buys social music app provider Yokee Music
Stingray Digital Group Inc (TSX: RAY.A-B) has acquired Yokee Music Ltd, an Israeli provider of three popular social music apps. No financial terms were released. Stingray, a business-to-business multi-platform music company, said the deal will provide mobile app development and optimization expertise and expand its portfolio of consumer-facing products. Montréal-based Stingray raised $180 million in an initial public offering in 2015. It continues be a portfolio company of Caisse de dépôt et placement du Québec, Novacap, Telesystem and other investors.
9 May 2017•4 mins read
