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Tesco buys We7 for £10.8m

Retail giant moves further into home entertainment by acquiring digital music serviceTesco has bought the digital music service We7 for £10.8m as the retail giant moves further into home entertainment.The supermarket company has taken a 91% stake in London-based We7, with the remaining shares to be purchased within weeks.Genesis frontman Peter Gabriel is expected to make a £2m windfall from the deal from his We7 stake. He founded the "digital jukebox" with Steve Purdham, the chief executive, i...

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17:09 on June 14 2012

Tesco buys We7 for £10.8m

Guardian Music — Retail giant moves further into home entertainment by acquiring digital music serviceTesco has bought the digital music service We7 for £10.8m as the retail giant moves ... more info
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