Stingray scraps bid for Music Choice; inks affiliate deal with Altice USA

MONTREAL - Stingray Digital Group has abandoned its latest plan to acquire U.S. competitor Music Choice.The proposed US$120 million takeover deal announced last August was not the first time that Stingray has attempted to buy the New York-based multiplatform video and music network provider. Stingray reportedly entered into discussions with Music Choice in 2013, which later led Music Choice to sue Stingray for patent infringement in June 2016 after claiming that Stingray gained access to confidential information regarding its technology during those failed merger talks. Stingray filed a countersuit against Music Choice in August 2016 and in October 2017, the U.S....