OSN to acquire Anghami for $50m.

OSN, a global media firm, agreed to acquire Anghami, a music streaming platform and service in the Middle East and North Africa, for $50m. “This is a major milestone in OSN’s journey as we continue to scale up our streaming business. Combining OSN+ content with Anghami’s technology enables us to deliver the best of entertainment all in one place for our customers, ensuring we are continuously evolving our offering to meet their needs. As two home-grown entities with an unmatched understanding of the local market, we are confident that this new offering will change the face of the streaming landscape,” Joe Kawkabani, OSN Chief Executive Officer.