IHRTQ - iHeartMedia To Acquire Radiojar For Audio Casting Tools
Quick Take
iHeartMedia has announced its intent to acquire Radiojar for an undisclosed sum.
Radiojar has developed technologies that make it easy for users to create their own online radio station.
IHRTQ is acquiring Radiojar to beef up its offerings to content producers in an effort to pursue an audio-centric aggregation model outside of music that promises to be more profitable.
Target Company
Athens, Greece-based Radiojar was founded in 2011 to create tools to enable web radio broadcasting and monetization.
Management is headed by founder and CEO Stathis Koutsogeorgos, who was previously Chief Product Officer