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German TV conglomerate ProSiebenSat.1 has acquired a significant stake of the European music streaming service Deezer, according to a report by local newspaper Die Welt. The companies didn’t release any details about the transaction, but ProSiebenSat.1 is said to hold less that 50 percent of Deezer now, and plans to roll up its own music venture Ampya into the service. Deezer is said to have 16 million active users per month, and there have been rumors that the company may launch in the U.S. this year.

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Wednesday, August 27, 2014
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