Stingray Digital acquires U.K.-based C Music Entertainment
Stingray Digital Group Inc (TSX: RAY.A-B) has acquired C Music Entertainment Ltd, a London, United Kingdom-based satellite and cable television channel focused on classical and cinematic music. No financial terms were released. Stingray, a business-to-business multi-platform music company, said the deal complements its existing classical and music video offering. 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.
29 May 2017•3 mins read
