AfterDawn: Tech news

Vitaminic continues its shopping spree

Written by Petteri Pyyny (Google+) @ 09 Jun 2001 3:32

Italian-based online music giant Vitaminic continues buying smaller digital music sites. This time Vitaminic announced that it has purchased UK-based in an all-stock deal valued at $28.8M.
Vitaminic runs 10 country-specific sites in Western Europe and in the U.S. In March it acquired two French MP3 sites and American IUMA. Vitaminic has been very strong competitor to, specially in Europe, where doesn't have that much localized versions of its site as Vitaminic has.

Vitaminic's board and's principal investors have already approved the deal and companies hope to finish the acquisition within 45 days.

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