AOL Sells Winamp And Shoutcast For $5-10M To Radionomy, Takes 12% Stake In Belgian Digital Audio Startup


TechCrunch

Returning from the brink of death, music services Winamp and Shoutcast are now officially with a new owner: Digital audio business Radionomy has acquired the both media player and radio platform from AOL. We understand from a reliable source that it is a cash and share deal, worth between $5 million and $10 million, with AOL taking a 12% stake of Radionomy in the process.

Recall that AOL paid some $80 million for Nullsoft, owner of Winamp and Shoutcast, in 1999.

AOL’s stake will be a financial, not a strategic, investment, I’ve been told.

We had been hearing different reports of a deal in progress or a while now — resulting in a stay of execution for both Winamp and Shoutcast after AOL originally intended to shut them both down by December 20, 2013.

While one of our early reports noted that Microsoft was in the mix, that turned…

View original post 402 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s