Stingray Digital Group Inc. (TSX:RAY.A) cancelled the acquisition of Music Choice, Inc. from Charter Communications, Comcast Corp., Cox Communications, Sony Corporation of America, AT&T Inc., WarnerMedia, Arris International PLC, and Microsoft Corp.
January 02, 2019
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Stingray Digital Group Inc. (TSX:RAY.A) agreed to acquire all of the issued and outstanding units of Music Choice, Inc. from Charter Communications, Comcast Corp., Cox Communications, Sony Corporation of America, AT&T Inc., WarnerMedia, Arris International PLC, and Microsoft Corp for $120 million on August 3, 2018. The offer was presented to Music Choice's management and communicated to each of the unitholders which include Charter Communications, Comcast Corp., Cox Communications, Sony Corporation of America, AT&T Inc., WarnerMedia, Arris International PLC, and Microsoft Corp. The offer, which remains open for acceptance until August 31, 2018, has not yet been accepted and is under review by the unitholders.
Stingray Digital Group Inc. (TSX:RAY.A) cancelled the acquisition of Music Choice, Inc. from Charter Communications, Comcast Corp., Cox Communications, Sony Corporation of America, AT&T Inc., WarnerMedia, Arris International PLC, and Microsoft Corp on January 2, 2019.
Stingray Group Inc. is a Canada-based music, media, and technology company. The Company provides TV broadcasting, streaming, radio, business services, and advertising services. It also provides an array of music, digital, and advertising services to enterprise brands worldwide, including audio and video channels, over 100 radio stations, subscription video-on-demand content, FAST channels, karaoke products and music apps, and in-car and on-board infotainment content. The Company operates through two segments: Broadcasting and commercial music and Radio. The Broadcasting and commercial music segment specializes in the broadcast of music and videos on multiple platforms and digital signage experiences and generates revenues from subscriptions or contracts. The Radio segment operates several radio stations across Canada. The company distributes its products and services through various platforms that include digital cable TV, satellite TV, OTT, the internet, mobile devices, and others.
Stingray Digital Group Inc. (TSX: RAY.A) cancelled the acquisition of Music Choice, Inc. from Charter Communications, Comcast Corp., Cox Communications, Sony Corporation of America, AT&T Inc., WarnerMedia, Arris International PLC, and Microsoft Corp.
STINGRAY GROUP INC. 
