B2B music licensing company, Songtradr has offered £19.4 million to acquire UK B2B digital music company, 7digital. The acquisition has been agreed on by 7digital’s board, and is now set for shareholder approval.
“Having closely followed 7digital’s evolution for a long time, we are delighted to have reached agreement to combine our businesses, expanding our position in the b2b music licensing and technology ecosystem,” said Paul Wiltshire, CEO of Songtradr. “We are very excited with respect to what our collective team will be able to achieve in delivering an enhanced offering for our clients and to help shape the future of music licensing.”
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