Tesco snaps up 91% of Purdham's WE7
15th June 2012
SUPERMARKET giant Tesco is buying 91% of WE7 to free-to-listen internet radio service led by Cheshire entrepreneur Steve Purdham.
Tesco is paying £10.8m for the stake in the loss-making Milton Keynes-based business co-founded by rock legend Peter Gabriel.It said the deal would offer customers "a wider choice in how they consume music, complementing Tesco's current music offer in store and online."
It added: "The move follows the acquisition last year of blinkbox - recently voted the UK's best online movie servi......for the full story register now for free or login below...
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