Vivendi [EPA:VIV] acquires a majority stake in Radionomy Group – one of the major global player in the digital radio industry.
Clipperton Finance, a leading European corporate finance firm focused on the Technology and Media industries, announced the closing of the sale of a 64% stake in Radionomy Group, a major global player in the digital radio industry, to the Vivendi Group, the integrated media and content group. The Vivendi Group has become Radionomy’s majority shareholder alongside its founder Alexandre Saboundjian, its employees and Union Square Ventures.
Radionomy is best known as an Internet platform that allows digital radios to broadcast and monetize their programs on a global scale. The platform also offers FM radio stations unique tools to develop and monetize their digital presence. Today, over 57,000 radio stations are using these tools. Radionomy Groupowns the streaming technology SHOUTcast as well as the iconic Winamp audio player. It also controls TargetSpot, the first digital audio advertising network in the United States and in France.
