Radionomy picks up Winamp for $5-10 million

Posted on Wednesday, Jan 15 2014 @ 11:30 CET by Thomas De Maesschalck
Winamp logo
Winamp has been saved! Two months ago it looked like the popular MP3 player would vanish as AOL pulled the plug on it but now we hear that digital audio firm Radionomy reportedly purchased Winamp in a cash and share deal worth between $5 million and $10 million, with AOL taking a 12% stake in Radionomy in the process. With the addition of Shoutcast to Radionomy's existing assets it will become one of the biggest players in the online radio streaming business, hosting some 60,000 radio stations, roughly half the online radio stations on the market today.
Recall that AOL paid some $80 million for Nullsoft, owner of Winamp and Shoutcast, in 1999. AOL’s stake will be a financial, not a strategic, investment, I’ve been told.

We had been hearing different reports of a deal in progress or a while now — resulting in a stay of execution for both Winamp and Shoutcast after AOL originally intended to shut them both down by December 20, 2013.
Source: TechCrunch

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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