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Tesco Regulatory News (TSCO)



Regulatory News for Tesco (TSCO)


Share Price: 381.70Bid: 381.80Ask: 381.90Change: -1.40 (-0.37%)Faller - Tesco
Spread: 0.10Spread as %: 0.03%Open: 383.70High: 384.2338Low: 379.50Yesterday’s Close: 383.10





Tesco purchases stake in digital music platform

Thu, 14th Jun 2012 15:26

RNS Number : 4031F
Tesco PLC
14 June 2012
 

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Thursday 14th June 2012

TESCO PLC

Tesco purchases stake in digital music platform WE7

Tesco has announced the purchase of a  91% stake in WE7, a  leading free-to-listen, personalised internet radio service  which will offer customers a wider choice in how they consume music, complementing Tesco's current music offer in store and online.   The purchase price is £10.8 million.

The move follows the acquisition last year of blinkbox - recently voted the UK's best online movie service by Channel 5's The Gadget Show - and is the latest step in Tesco's strategy to offer customers new and innovative ways of accessing digital entertainment.

For more information visit: www.tescoplc.com

ENDS

Contacts

 

Investor Relations:

 

Chris Griffith   

 

01992 806 149

 

 

 

 

 

Press:

Tom Curry

01992 644 645

 

 

Brunswick

0207 404 5959

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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Related Shares: Tesco (TSCO).




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