B2B digital audio services provider 7digital has acquired competitor 24-7, according to an exclusive report from MIDiA Research. The music services provider has assumed full ownership of the long-time rival business from MediaMarktSaturn, a German retail company. No financial details were disclosed.
24-7 was founded in 2000. It powers TDC’s Play, one of the earliest music services offered by a telecom. Following the acquisition, 7digital will take over operation of both the business and its existing music services.