7digital and UBC Media announce intention to merge

by Tom Pakinkis
Monday, Nov 25th 2013 at 9:57AM

7digital is set to merge with broadcast content and service provider UBC Media.

Both companies have signed a non-legally binding letter of intent to merge and the process could be completed within six months.

UBC has also lent £1 million to 7digital by way of the purchase of a convertible loan note from the music tech company.

If the deal goes ahead as planned, UBC CEO Simon Cole envisages an outfit with worldwide clout: “The combination of content and technology ...

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