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AOL Sells Winamp And Shoutcast For $5-10M To Radionomy, Takes 12% Stake In Belgian Digital Audio Startup | TechCrunch

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Returning from the brink of death, music services Winamp and Shoutcast are now officially with a new owner: Digital audio business Radionomy has acquired the both media player and radio platform from AOL. We understand from a reliable source that it is a cash and share deal, worth between $5 million and $10 million, with AOL taking a 12% stake of Radionomy in the process.

Recall that AOL paid some $80 million for Nullsoft, owner of Winamp and Shoutcast, in 1999.

AOL’s stake will be a financial, not a strategic, investment, I’ve been told.

We had been hearing different reports of a deal in progress or a while now — resulting in a stay of execution for both Winamp and Shoutcast after AOL originally intended to shut them both down by December 20, 2013.

via AOL Sells Winamp And Shoutcast For $5-10M To Radionomy, Takes 12% Stake In Belgian Digital Audio Startup | TechCrunch.

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January 16, 2014 - Posted by | Civilian |

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