Stingray Acquires InStore Audio Network

January 5, 2022

Montreal-based Stingray Group Inc. acquired InStore Audio Network, the largest in‑store audio advertising network in the United States, for up to approximately C$59 million including an earn‑out. The deal gives Stingray a foothold in the U.S. retail media market (InStore reaches ~100 million shoppers weekly across 16,000+ locations and generated an estimated C$18.5 million in revenue in the prior year).

Buyers
Stingray Group Inc.
Targets
InStore Audio Network
Location
New Jersey, United States
Transaction Type
Buyout

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