Brief: Stingray Acquires TuneIn, Creating An Audio Streaming And Advertising Powerhouse
Nov 12 (Reuters) - Stingray Group Inc RAYa.TO: STINGRAY ACQUIRES TUNEIN, CREATING AN AUDIO STREAMING AND ADVERTISING POWERHOUSE STINGRAY GROUP INC - BUYS TUNEIN FOR UP TO $175 MILLION STINGRAY GROUP INC - ESTIMATED OPERATIONAL SYNERGIES OF $10 MILLION WITHIN 12-18 MONTHS STINGRAY GROUP INC - SECURES $150 MILLION TERM LOAN FOR ACQUISITION Source text: ID:nGNXbc2rb0 Further company coverage: [RAYa.TO] ((Reuters.Briefs@thomsonreuters.com;))
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