Stingray Group to Acquire TuneIn in $175M Deal

Why It Matters

The purchase positions Stingray as a larger player in the competitive streaming and audio‑advertising market, giving it immediate scale and a robust ad‑tech solution. It also diversifies Stingray’s revenue streams and strengthens its reach into in‑car and connected‑device ecosystems.

Deal Summary

Stingray Group Inc., a Canadian music and video content provider, has signed a definitive agreement to acquire TuneIn Holdings, Inc., the live audio streaming and ad monetization platform. The transaction is valued at up to US$175 million, with US$150 million payable at closing and an additional US$25 million contingent on performance. The deal is expected to close by the end of 2025.