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Radionomy is now the proud owner of Winamp

Radionomy acquires Winamp and Shoutcast from AOL in a deal worth between $5-10 million

| Business, Financial & Legal News | Posted: Jan 15, 2014 8:29 am

Online radio aggregator, Radionomy, has acquired both Winamp and Shoutcast from AOL. A source close to TechCrunch has said that Radionomy paid somewhere between $5 million and $10 million.

 

TweakTown image news/3/4/34861_07_radionomy_is_now_the_proud_owner_of_winamp.jpg

 

The deal included a 12% stake in Radionomy for AOL, too. AOL purchased Nullsoft, the creator of Winamp and Shoutcast, for $80 million back in 1999. So to sell them for close to 10% of that must hurt. Acquiring Winamp and Shoutcast is a boon for Radionomy, as it will make them one of the bigger competitors in the online radio business.

NEWS SOURCES:Techspot.com

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