Stingray Group, known for music and video content distribution, has finalized a deal to acquire TuneIn Holdings, a key player in live audio streaming and advertising. The acquisition, valued at up to $175 million (€151.1m), is based on TuneIn’s projected sales of $110 million and adjusted EBITDA of $30 million for the twelve-month period ending December 31st, 2025.

Stingray will pay $150 million upfront and an additional $25 million twelve months after the deal closes. To fund the acquisition, Stingray has secured a $150 million term loan through its credit facility. The transaction is pending approval from TuneIn’s stockholders, regulatory clearances, and standard closing conditions, with an expected completion by the end of 2025.

The acquisition aims to expand Stingray’s reach by merging its music and video content with TuneIn’s partnerships with major device manufacturers, automotive companies, and content providers. TuneIn currently serves over 75 million active listeners monthly worldwide, offering access to a wide range of audio content across more than 200 platforms and connected devices in over 100 countries.

Eric Boyko, President and CEO of Stingray, expressed excitement about the acquisition, highlighting the opportunity to enhance their presence in the automotive sector and redefine audio entertainment for a connected world. Richard Stern, Co-Chairman and CEO of TuneIn, sees the partnership as a catalyst for growth, enabling both companies to deliver top-notch audio content and innovative advertising solutions to a global audience.

Post-acquisition, TuneIn will continue to operate under its current brand.

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