Stingray buys Israeli digital music broadcaster

TEL-AVIV, ISRAEL – Stingray Digital is continuing its international expansion after buying Israeli digital music broadcaster Musicoola, the company said Wednesday. Financial terms of the deal were not announced. Based in Tel-Aviv, Musicoola offers a full suite of linear music channels tailored to local tastes to television service providers in Israel, Angola, Hungary and Romania. Musicoola’s services will continue to be offered to existing customers, and the integration of the companies will begin immediately. “As part of our plan for global expansion, we are continuously seeking strategic acquisitions that fit with the Stingray Digital model and allow us to further...