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November 25, 2013 07:06 pm GMT
Some developments for 7digital, the UK-based music platform that powers download and streaming services for the likes of Samsung, HTC, T-Mobile and Pure: it has entered into acquisition talks and a "reverse merger" with UBC Media, a radio program producer, developer of interactive audio technology, and software investor (it's the largest shareholder in Audioboo, a platform where you can make and share audio recordings). As part of the deal, UBC is providing 7digital with a 1 million ($1.6 million) loan that can be converted into shares in UBC -- which is publicly traded in London on the AIM exchange.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/EUIIfsa0vmA/
Samsung's Music Partner 7digital Picks Up $1.6M Loan, Enters Into Reverse Takeover Talks With UBC
Some developments for 7digital, the UK-based music platform that powers download and streaming services for the likes of Samsung, HTC, T-Mobile and Pure: it has entered into acquisition talks and a "reverse merger" with UBC Media, a radio program producer, developer of interactive audio technology, and software investor (it's the largest shareholder in Audioboo, a platform where you can make and share audio recordings). As part of the deal, UBC is providing 7digital with a 1 million ($1.6 million) loan that can be converted into shares in UBC -- which is publicly traded in London on the AIM exchange.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/EUIIfsa0vmA/
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