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Guvera raises $100 million; looks to IPO next

Guvera announced that it raised $100 million in a financing round over the holiday weekend. The streaming service’s leaders said they would next be turning their attention to an IPO, with plans to list on the Australian Securities Exchange or Nasdaq. “It’s a pre-IPO round…but we haven’t set any timeline,” CEO Darren Herft told The Australian Financial Review. Continue Reading

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Guvera looking to offload Blinkbox Music just six months after buying it

Blinkbox Music started out the year with so much promise. The music service was sold by UK retailer Tesco to a new owner, up-and-coming streaming platform Guvera.

Unfortunately, things have gone south with the new alliance. Guvera placed Blinkbox into administration in early June and let 100 of its staff members go. “The company has faced significant financial pressure in recent months, since its acquisition by the Guvera group,” said Finbarr O’Connell, one of the joint administrators for Blinkbox. Continue Reading

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Guvera officially acquires Blinkbox Music

Rumors started circulating last month about Blinkbox Music coming under Guvera’s wing, and those speculations were confirmed today. Guvera has purchased the music streaming platform from UK retailer Tesco. Financial terms of the deal were not released. The music service has 2.5 million registered users for its app and delivers about 100 million streams a month. Continue Reading

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Guvera launches mobile streaming app in India

Australia-based Guvera announced its official mobile launch in India. The streaming service’s free app is available for iOS and Android listeners. “We plan to provide our Indian users with the best expert-curated local and international content,” founder Claes Loberg said. The app will include Bollywood music as well as songs by international artists. Continue Reading