Stingray makes US$120-million takeover bid for Music Choice

MONTREAL — Stingray Digital Group is looking to acquire competitor Music Choice in a proposed takeover deal valued at US$120 million.Stingray announced Friday it made an unsolicited offer to purchase all of the issued and outstanding units of Music Choice, a New York-based multiplatform video and music network provider that produces music programming and content for digital cable television, mobile phone and cable modem users. Music Choice is a general partnership among subsidiaries of Microsoft, Arris, Sony, EMI Music Publishing and Time Warner, as well as US cable providers Comcast Cable Communications, Cox Communications and Time Warner Cable.Stingray said its...