Stingray to acquire TuneIn for $175m.

Stingray, a global music, media, and technology company, agreed to acquire TuneIn, a live audio streaming and ad monetization firm, for $175m. "Stingray is the ideal partner to propel TuneIn's next chapter of growth. Our global reach and advanced advertising capabilities, combined with Stingray's audio and video distribution, creates a significant growth opportunity for both our companies. Joining forces with Stingray allows us to accelerate our mission of delivering the world's best audio content to listeners everywhere, while creating powerful new avenues for advertisers to connect with a highly engaged audience," Richard Stern, TuneIn Co-Chairman and CEO.