PE-backed Stingray Digital buys Dutch broadcaster Archibald Media
Stingray Digital Group has agreed to buy Dutch broadcaster Archibald Media Group. While the acquisition price was undisclosed, a report by The Globe and Mail pegged it at about $10 million. Stingray president and CEO Eric Boyko said the deal strengthens its service with the addition of music TV channels that can be offered to customers across Europe. Based in Montréal, the company produces music and video content on multiple platforms, including digital TV, IPTV, the Internet, mobile apps and game consoles. Stingray was discussed in a recent profile of its Canadian private equity investor Novacap. It is also backed by Canadian technology investor Telesystem.
13 June 2014•3 mins read
