Overview
- Stingray will pay $150 million at closing with up to $25 million due 12 months later, funded through its renewed credit facility.
- The company plans to keep the TuneIn brand and projects combined revenue above $400 million after closing later in 2025.
- TuneIn brings roughly 75 million monthly listeners, access to more than 100,000 stations and channels, and availability on 200+ devices including over 50 in‑car systems.
- Stingray frames the deal as a way to accelerate its U.S. reach and in‑vehicle strategy by pairing its curated music and karaoke with TuneIn’s automaker and device partnerships.
- The sale price reflects a comedown from TuneIn’s roughly $500 million peak valuation, and Stingray expects about 100 TuneIn employees to relocate to Montreal post‑close.