Brief: Stingray Expands Its Retail Media Network To The United States With The Acquisition Of InStore Audio Network

Stingray

05/01/2022 23:03

Jan 5 (Reuters) - Stingray Group Inc  RAYa.TO :
    * STINGRAY EXPANDS ITS RETAIL MEDIA NETWORK TO THE UNITED
STATES
WITH THE ACQUISITION OF INSTORE AUDIO NETWORK
    * STINGRAY GROUP - WILL WHOLLY OWN AND OPERATE INSTORE AUDIO
NETWORK, UNDER CONTINUED LEADERSHIP AND DIRECTION OF ITS CURRENT
MANAGEMENT TEAM
    * STINGRAY GROUP INC - DEAL FOR  TOTAL CONSIDERATION OF UP
TO
ABOUT C$59 MILLION SUBJECT TO A SPECIFIC EARN OUT MECHANISM SET
FORTH IN PURCHASE AGREEMENT

Source text for Eikon:  ID:nGNX7gQTRS 
Further company coverage:  RAYa.TO 

 ((Reuters.Briefs@thomsonreuters.com;))