PE-backed Stingray Digital to buy Mood Media's Canadian accounts
Stingray Digital Group has agreed to acquire the remaining 8,000 Canadian commercial accounts of Mood Media Corp. The deal's financial details were not disclosed. Stingray said it will also continue to be Mood Media's exclusive partner for the representation of their products and services in Canada. Earlier in 2014, it bought the Austin, Texas-based company's Latin American residential digital music services business. Based in Montréal, Stingray produces music and video content on multiple platforms. It is a portfolio company of Canadian private equity firm Novacap and technology-focused investment firm Telesystem.
27 June 2014•3 mins read
