Thumbplay Sells Business To Clear Channel
March 1, 2011 at 4:20 AM (PT)
Cloud-based, streaming music service THUMBPLAY MUSIC is selling itself to CLEAR CHANNEL RADIO.
THE WALL STREET JOURNAL reports, "THUMBPLAY will hang on to its once-booming ringtone business, but only temporarily; it intends to sell that off in a separate deal."
Terms of the deal with CLEAR CHANNEL weren't disclosed.