10-24-14
Digital music service Deezer is acquiring Stitcher. Stitcher is a content app that focuses on talk with 25,000 news, sports and entertainment shows both live and available via Podcast. Stitcher currently carries eight out of the top ten terrestrial radio shows and features content from over 12,000 content providers, including NPR, BBC, Fox News, Wall Street Journal, This American Life, Marc Maron, CBS Radio News and others. The financial terms of the deal were not disclosed.
Deezer founder Daniel Marhely said, "Almost every music listener listens to some form of talk radio, whether it is news, entertainment or sports. We see the ability to deliver better talk streaming solutions in the same way that we are doing in music to super serve the needs of our global audience of 16 million users and growing. The acquisition of Stitcher helps us realize this opportunity."
