Vivendi Acquires A Majority Stake In Radionomy Group
December 17, 2015 at 11:08 AM (PT)
VIVENDI has acquired 64.4% of the share capital of RADIONOMY 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 GROUP owns the streaming technology SHOUTcast as well as the WINAMP audio player. It also controls TARGETSPOT, the first digital audio advertising network in the UNITED STATES and in FRANCE.