Tesco buys WE7 music-streaming service

Date: Thursday 14 Jun 2012

Supermarket leviathan Tesco has acquired a majority stake in music streaming web service, WE7, a well-established British rival to the Spotify music-on-demand product.

Tesco paid £10.8m for a 91% stake in WE7 which counts former Genesis lead singer Peter Gabriel among its original backers.


JH

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